Strengthening SMEs’ competitiveness in global value chains
Societe Generale Maroc and the European Bank for Reconstruction and Development (EBRD) have strengthened their support for SMEs in Morocco through "green" investments’ financing and value chain development. Indeed, the EBRD granted Societe Generale Maroc a loan of €20M to support green projects backed by SMEs participating in value chains and/or industrial ecosystems.
This funding line falls within the scope of the Green Economy Financing Facility (GEFF) initiative designed to support energy efficiency and renewable energies projects. Societe Generale Maroc is the first partner of this program and this agreement reinforces its partnership established with the EBRD since 2012.
The loan, financially supported by the European Union and the Green Climate Fund, aims at strengthening SMEs’ inclusion in global value chains.
The eligible SMEs will thus enjoy an attractive accompaniment including a funding, an investment subsidy and a technical expertise which will check and optimize the green funding project’s viability. Green equipment’s acquisition will allow them to offer more competitive products, to increase exports and access new markets through connecting with international companies.
Fostering green economy is the EBRD’s priority. Since the launch of its activities in Morocco in 2012, the EBRD has financed 52 projects that are worth 1.8M€ and offered management consultancy services to over 550 Moroccan SMEs.