ENPI INFO CENTRE
Green finance will be at the centre of a conference that will be held on 12 October in Casablanca, Morocco. Organised by the European Bank for Reconstruction and Development (EBRD) and the “Banque Marocaine du Commerce Extérieur” (BMCE), the conference is entitled “Creating Green Banking Markets in Africa”.
The event, which bring together representatives from regulatory authorities and commercial banks, particularly those from African countries, as well as from development finance institutions and donors, will be an opportunity to demonstrate a unique EBRD climate finance model – its Sustainable Energy Financing Facilities (SEFFs) that have already been successfully introduced into 24 EBRD countries.
It will highlight climate initiatives by different players in the financial sector to support greener economies with a focus on Africa and also explore the role of regulatory authorities in facilitating an environment conducive to the growth of a green economy and the use of green financial products.
It will examine the role of commercial financial institutions in growing green finance and how development finance institutions can support them in this work. A number of financial institutions will showcase how they have successfully integrated green finance into their business operations.
During the conference, the EBRD and BMCE will sign their third agreement under MorSEFF, a version of the SEFF facility specifically tailored to conditions in Morocco. With SEFFs, the EBRD makes loans to partner banks in its countries of operations which then on-lend funds to clients investing in efficient and renewable energy programmes.(EU Neighbourhood Info)
