At the heart of the economic recovery, Mohammed VI Investment Fund is a catalyst for a green recovery, Country Manager North Africa at the International Finance Corporation (IFC) Xavier Reille said.
The Covid-19 pandemic had an unprecedented shock on the economy and its impact is not fully measured. However, this health crisis can also be an opportunity to rethink and reinvent a new development model which is more inclusive, more resilient and more sustainable, Reille explained in an interview with MAP.
“This is an interesting approach because green investments can help stimulate growth and create jobs rapidly,” he said.
The Kingdom is ideally placed to become a ground for green industrial for Europe and benefit from the opportunities of the EU decarbonization plan. Reille noted. “It is also why we support Moroccan industrial zones in their transition to eco-industrial parks,” he added.
In total, five green bonds have been issued for around US$ 420 million (MAD 3.8 billion), he said, recalling that the first was issued in 2016.
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