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Morocco : Proparco and IFC invest in pioneering moroccan Green Bond to boost renewable energy

Proparco and IFC, a member of the World Bank Group, are investing €35 million and €100 million respectively, in the first green bond issuance by Banque Centrale Populaire (BCP), to promote sustainable, environment friendly projects in the country.

This is the first green bond issuance in foreign currency in Morocco, as well as IFC and Proparco’s first green bond investment in the region.
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Palestine: Proparco signs its first agreement to partner the Palestinian private sector

Projet Nakheel Palestine
Thanks to a USD 10 million loan granted to Nakheel Palestine for Agricultural Investment (“ Nakheel Palestine ”), the No. 1 Palestinian producer of Medjoul dates, Proparco has made its first investment in Palestine. Nakheel Palestine, with the support of Proparco, will create around 350 seasonal jobs and generate more than USD 100 million in foreign exchange earnings for the Palestinian economy.
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Ecuador: Proparco invests in the development of a responsible shrimp farming group

Proparco has granted a USD 15 million loan repayable over 8 years to Ecuador-based SONGA (Sociedad Nacional de Galapagos) to help boost its production capabilities. Nearly 450 jobs will be created both directly and indirectly over the coming years thanks to the development of this group, reputed for deploying best industry standards at all of its farms.
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