📋 Tender Overview
Location: Morocco
Project number: 55051
Business sector: Financial institutions
Notice type: Private
EBRD Finance Summary: EUR 25,000,000.00
Total Project Cost: EUR 25,000,000.00
Project Description
EBRD is considering the provision of a senior unsecured loan of up to EUR 50 million to be provided in 2 equal tranches of EUR 25 million in MAD equivalent, in favour of Credit Agricole du Maroc ("CAM") (the "Company"), a limited liability company, to support MSMEs, with a focus on the ones located in the regions affected by the 8th September 2023 earthquake.
Project Objectives
The project will contribute to building a more competitive and resilient economy in Morocco by supporting SME financing. A special focus will be given to distribution of funds in the regions and outreach to new customers. Moreover, the project will support access to finance for MSMEs in the regions affected by the 8th September 2023 earthquake.
Transition Impact
The transition impact of the project is expected to derive from market expansion, by providing long-term funding to SMEs. It will have positive demonstration effects particularly with respect to utilising financial intermediaries, for market expansion of SME lending.
