Star Africa
APA
The European Bank for Reconstruction and Development (EBRD) has on Wednesday organised a Trade and Investment Forum in Casablanca, Morocco.The forum is part of efforts to highlight the attractive investment opportunities in the southern and eastern Mediterranean (SEMED) region-and in Morocco in particular.
Morocco is a founding member of the EBRD and became a country in which the Bank invests in 2012.
To date the Bank has invested €473 million in 18 projects across the country, in addition to €130 million of Trade Finance Program (TFP) credit lines with local banks.
The EBRD has also provided technical assistance support to more than 135 localSmall and medium-sized enterprises (SMEs) to date.
Participants learned about the EBRD’s programmes and activities to support investors, strengthen the local economy and boost cross-border trade and cooperation.
Laurent Chabrier, EBRD Director for Morocco, while declaring the event open, gave an overview of the Bank’s activities in Morocco, focusing on how to do business with the Bank.
“Our capacity to invest in projects and to reform the business environment relies on the investors and entrepreneurs in Morocco”, he said.
Adil Chikhi, EBRD Director for Industry, Commerce and Agribusiness in the SEMED region, presented the Bank’s products and services and outlined current projects in the property and tourism, manufacturing and services as well as agribusiness sectors.
