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Titre : DCM Banque Centrale Populaire (BCP) Green Financing : Support to Morocco’s Renewable Energy and Climate Change goals

Pays : Maroc
Localisation : BCP is headquartered in Casablanca and has a network of 1,413 branches across Morocco.

Actual Start Date : 2017-06-29

Identifiant IATI : XM-DAC-903-SII-38717

Présentation
The proposed project is to invest in a green bond to be issued by Banque Centrale Populaire (“BCP” or the “Bank”). The proceeds raised through the issuance of the green bond will be used to refinance eligible renewable energy infrastructure projects in Morocco. The bond will be issued in accordance with the Green Bond Principles.

Objectifs
Support to Morocco’s Renewable Energy and Climate Change goals : The project will support renewable energy projects in Morocco. The long term funding will be on terms that are consistent with the underlying cash flow profile of such long gestation and capital intensive projects. Development of the Green Bond Market : IFC’s investment will generate support and confidence in the Green Bond market which is a new asset class in Morocco and will help create a new and viable source of long term financing for climate change projects in the domestic market. The development of the Green Bond Market will provide an impetus to the development of the overall bond market which is a high developmental priority for IFC and for Morocco.

International Finance Corporation

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