Page 30 - Rapport annuel 2022 ANG

The loan is divided into two tranches: a committed €15 million credit and €25 million in committed capital. This financing
is complemented by a $5,7 million investment grant from the Global Environment Facility (GEF).

The EBRD will also provide technical assistance to the ANP, funded by a $500 000 grant from the GEF and a $1 million
grant from the EBRD. This assistance aims to systematically support the resilience of Moroccan ports to climate change.

A working group will be established, comprising key players investment projects, benefiting from favorable conditions
in the Moroccan port sector, to facilitate informed and offered by these donors.
climate-conscious decision-making, and promote optimized
environmental management and standards for the ANP. What sets this loan apart, in addition to its favorable financial
terms, is the effort of support provided by the EBRD and
Additional technical assistance will support the effective its partners. This includes promoting some of the Agency’s
implementation and monitoring of the project, as well as the practices related to Social and Environmental Responsibility
improvement of the ANP’s financial reporting standards. (SER) and improving financial reporting standards. This enables
the Agency to develop a systemic approach for its upcoming
This loan agreement, along with a package of investment
grants and technical assistance provided by the EBRD and investments. The operation as a whole demonstrates the
involvement of the port community in the actions to be
its partners, demonstrates the Agency’s commitment to carried out, particularly the training of fifty individuals from
international donors. It also shows the Agency’s determination stakeholders in the Moroccan port sector in evaluating and
to diversify its sources of funding for the development of its managing climate change-related risks in port operations.

25 ANNUAL REPORT 2022 I NATIONAL PORTS AGENCY