The EBRD approved a €250 million loan and €5 million grant for Morocco’s ONEE utility to upgrade drinking water infrastructure and cut network losses…
Africa · Northern
Key Facts
—The financing. A €250 million loan ($285 million) plus a €5 million grant ($5.7 million), totalling roughly $293.8 million.
—The recipient. Morocco’s national water and electricity utility, ONEE, for its drinking water branch.
—The guarantee. Tamwilcom, Morocco’s national credit guarantee institution, backs the loan—a first for an EBRD deal in the country.
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