The European Bank for Reconstruction and Development (EBRD) is supporting Morocco\u2019s water security with a \u20ac250 million loan to\u00a0Office National de l\u2019Electricit\u00e9 et de l\u2019Eau Potable (ONEE).<\/p>\n
The loan consists of a \u20ac120 million committed tranche and a \u20ac130 million uncommitted tranche, and is complemented by a \u20ac5 million investment grant. It is the first EBRD loan in Morocco to benefit from a guarantee from Tamwilcom, the country\u2019s national credit guarantee institution.<\/p>\n
The financing will support a nationwide investment programme that aims to improve the efficiency, resilience and sustainability of water production infrastructure. Investments will focus on reducing water losses, rehabilitating and expanding critical infrastructure, strengthening the resilience of strategic water assets and deploying digital technologies to enhance network management.<\/p>\n
A dedicated technical cooperation package will help to maximise the impact of the investments.\u00a0It will strengthen and help implement a comprehensive corporate climate governance programme at ONEE, and will support the development of ONEE Water’s sustainability-linked financing framework, positioning the company among the pioneers of sustainable finance in the region.<\/p>\n
Haytham Eissa, EBRD Head of Morocco, said: \u201cThis partnership reflects our shared commitment to strengthening Morocco’s water security at a time when the country is facing increasing pressure from climate change.\u00a0The investment will also\u00a0support ONEE’s long-term transformation by embedding climate resilience and sustainability into its governance and financing framework. We are also particularly proud that this transaction is the first EBRD loan in Morocco to benefit from the Tamwilcom guarantee mechanism.\u201d<\/p>\n
The EBRD has invested more than \u20ac6.2 billion in Morocco since beginning operations in the country in 2012, supporting the private sector, the green transition and sustainable infrastructure.<\/p>\n","protected":false},"excerpt":{"rendered":"
The European Bank for Reconstruction and Development (EBRD) is supporting Morocco\u2019s water security with a \u20ac250 million loan to\u00a0Office National de l\u2019Electricit\u00e9 et de l\u2019Eau Potable (ONEE). The loan consists of a \u20ac120 million committed tranche and a \u20ac130 million uncommitted tranche, and is complemented by a \u20ac5 million investment grant. It is the first […]<\/p>\n","protected":false},"author":3,"featured_media":13189,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"tdm_status":"","tdm_grid_status":"","footnotes":""},"categories":[91,47,168,130,43,87,111,15],"tags":[37948,37938,37942,37940,37946,37950,21136,37934,37936,37944,37932,1718,2310,20270,5138],"class_list":["post-13188","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-arab-countries-en","category-banks-insurance-en","category-country","category-featured-en","category-finance-investment-en","category-gcc-en","category-mou-partnerships-en","category-press-releases","tag-climatechange","tag-climateresilience","tag-digitaltransformation","tag-greenfinance","tag-infrastructureinvestment","tag-moroccoeconomy","tag-sustainabledevelopment","tag-tamwilcom","tag-waterinfrastructure","tag-watermanagement","tag-watersecurity","tag-ebrd","tag-morocco","tag-onee","tag-sustainability"],"yoast_head":"\n