European Investment Bank Commits €200 Million to Boost Sustainable Agriculture in Morocco

A financing agreement of 200 million euros to fund the agricultural sector. This particularly targets productive investments that generate jobs and added value. This signing is part of the orientations of Generation Green "2020-2030". The ceremony related to the signing of this agreement took place by videoconference. This agreement is a first action with regard to the new strategy since its launch last February by King Mohammed VI.

Also, this support has been made possible thanks to the mobilization of the European Union in the face of the new coronavirus pandemic, more specifically the "Team Europe" program created with the aim of supporting the EU’s partner countries outside Europe in the fight against this health crisis. In the same vein, the loan will also be accompanied by technical assistance, to support GCAM in the digitalization of agricultural chains and green financing.