Banque Marocaine du Commerce Exterieur (FMO-53688)

Countries
  • Morocco
Where the impacts of the investment may be experienced.
Financial Institutions
  • Netherlands Development Finance Company (FMO)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Approved
Bank Risk Rating
A
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Dec 11, 2017
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
Banque Marocaine du Commerce Exterieur
The holder of the loan, grant, or other investment.
Sectors
  • Water and Sanitation
The service or industry focus of the investment. A project can have several sectors.
Investment Amount (USD)
$ 0.11 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Primary Source

Original disclosure @ FMO website

Updated in EWS May 20, 2021


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Project Description

The objective of this project is to provide a TA package of end-to-end support to BMCE in developing a sustainable, profitable, and successful line of waste management projects.

The project will help develop a profitable, professional Moroccan waste management sector, which will contribute to environmental, societal, and economic benefits including decreased pollution from dumpsites, avoided GHG emissions, and an increase in formally recognized jobs.

Investment Description
  • Netherlands Development Finance Company (FMO)

The objective of this project is to provide a TA package of end-to-end support to BMCE in developing a sustainable, profitable, and successful line of waste management projects.

Financial Intermediary
Private Actors
Private Actors Description

Established in 1959, Banque Marocaine du Commerce Exterieur (‘BMCE’) is Morocco’s 3rd largest bank by total assets. BMCE has established a reputation as a leader in the Moroccan banking sector and is known for its pioneering initiatives in the field of sustainable banking and green finance.

Contact Information

No contact information provided at the time of disclosure. 

ACCOUNTABILITY MECHANISM OF FMO

Communities who believe they will be negatively affected by a project funded by the Dutch Development Bank (FMO) may be able to file a complaint with the Independent Complaints Mechanism, which is the joint independent accountability mechanism of the Dutch Development Bank (FMO) and the German Investment Corporation (KfW) . A complaint can be filed in writing, by email, post, or online. The complaint can be filed in English or any other language of the complainant. The Independent Complaints Mechanism is comprised of a three-member Independent Expert Panel and it can provide either problem-solving, compliance review or both, in either order. Additional information about this accountability mechanism, including a guide and template for filing a complaint, can be found at: https://www.fmo.nl/independent-complaints-mechanism