Improving the Green Competitiveness of Tanger Tetouan Al Hoceima Region (IFC-607467)

Regions
  • Middle East and North Africa
Geographic location where the impacts of the investment may be experienced.
Countries
  • Morocco
Geographic location where the impacts of the investment may be experienced.
Specific Location
Tanger Tetouan Al Hoceima
Whenever identified, the area within countries where the impacts of the investment may be experienced. Exact locations of projects may not be identified fully or at all in project documents. Please review updated project documents and community-led assessments.
Financial Institutions
  • International Finance Corporation (IFC)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Approved
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
U
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Voting Date
Sep 23, 2024
Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.
Borrower
Regional Investment Center for Tangiers-Tetouan-Al Hoceima (TTA)
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Energy
  • Industry and Trade
  • Technical Cooperation
  • Water and Sanitation
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Advisory Services
The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 1.40 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Media Documents
Primary Source

Original disclosure @ IFC website

Updated in EWS Mar 29, 2025

Disclosed by Bank Mar 26, 2025

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Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

According to the IFC, the objective of this project is to increase private climate-smart investments in the TTA region. To achieve this, IFC will work with the Regional Investment Center for Tangiers-Tetouan-Al Hoceima (TTA) to improve the enabling environment for climate smart investments in TTA and supporting CRI TTA in its investment promotion efforts for climate-smart or green investments. Specifically, IFC will focus support CRI to improve the enabling environment for climate investments in TTA by (a) working with the region’s stakeholders in improving the management model of key industrial zones through the development of regional development companies ; (b) assisting firms and zone developers in improving their competitiveness with climate smart solutions, and (c) improving the enabling environment for SME climate financing. On investment promotion, IFC will strengthen the capacity of CRI TTA to conduct more effective investment promotion to attract green and sustainable investments and nearshoring in targeted sectors and identified global value chains (GVCs)s, through support provided with the key activities that is expected to result in enhanced investor service delivery resulting in an increase in investor leads, with the ultimate impact of green investment generated by the realization of investments in targeted sectors.

Investment Description
Here you can find a list of individual development financial institutions that finance the project.

Contact Information
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

No project contacts provided at the time of disclosure.

Client - Regional Investment Center for Tangiers-Tetouan-Al Hoceima (TTA):

Address: Avenue Omar Ibn Al Khattab, Tangier
Phone: +212 539 34 23 03
Email: info@investangier.com
Website: https://investangier.com/

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ACCOUNTABILITY MECHANISM OF IFC/MIGA

The Compliance Advisor Ombudsman (CAO) is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an IFC or MIGA- financed project. If you submit a complaint to the CAO, they may assist you in resolving a dispute with the company and/or investigate to assess whether the IFC is following its own policies and procedures for preventing harm to people or the environment. If you want to submit a complaint electronically, you can email the CAO at CAO@worldbankgroup.org You can learn more about the CAO and how to file a complaint at http://www.cao-ombudsman.org

How it works

How it works