Browsing: The European Investment Bank (EIB)

European Investment Bank €200m to support Agriculture in Morocco

The European Investment Bank (EIB) and the Crédit Agricole du Maroc Moroccan bank (CAM) signed an agreement of €200 million to support companies in Morocco in the bio-economy and agriculture sector.

The grant was signed in the presence of Aziz Akhannouch, the Moroccan Minister of Agriculture, Fisheries, Rural Development, Water and Forests, the European Investment Bank (EIB) and CAM, represented respectively by Emma Navarro, Vice-President and Tariq Sijilmassi, Chairman of the Management Board.

The grant is also intended to accompany Morocco’s ‘Green Generation 2020-2030’ which is Morocco’s new agricultural development strategy that aims to double the country’s agricultural GDP and agricultural exports. This strategy aims to create 350,000 jobs in the next 10 years.

According to the statement, EIB and Credit Agricole are targeting “productive investments that generate jobs and added value, fully in line with the ambitions of “Green Generation 2020-2030”.

According to a joint press release from EIB …