Bank & Insurance
Kamal Mokdad (BCP) “goes green” thanks to the EBRD and the Green Climate Fund

Kamal Mokdad (BCP) “goes green” thanks to the EBRD and the Green Climate Fund

The two institutions are seeking to grant loans to help the country’s second largest bank contribute to the ecological transition. To this end they are offering a €40m ($44.3m) senior loan.

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            ▪ Kamal Mokdad (BCP) “goes green” thanks to the EBRD and the Green Climate Fund

▪ The two institutions are seeking to grant loans to help the country’s second largest bank contribute to the ecological transition. To this end they are offering a €40m ($44.3m) senior loan.

http://www.jeuneafriquebusinessplus.com/en/800642/kamal-mokdad-bcp-goes-green-thanks-to-the-ebrd-and-the-green-climate-fund/

19/11/2019 at 17h53, by Aurélie Benoit, updated 20/11/2019

The first envelope of €30m ($33m) – part of the Green Value Chain (GVC) programme – will include a €7.5m ($8.3m) tranche co-financed by the UN’s Green Club Fund (GCF). The GVC programme is an initiative from the European Bank for Reconstruction and Development (EBRD) to provide funding to SMEs involved in any stage of the value chain and/or industrial ecosystems which are contributing to the ecological transition.

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