Morocco Textile Circularity (IFC-607553)

Countries
  • Morocco
Geographic location where the impacts of the investment may be experienced.
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
Feb 10, 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
Government of Morocco - Moroccan Investment Development Agency (AMDI)
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Industry and Trade
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)
$ 1.73 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.
Project Cost (USD)
$ 1.73 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.
Primary Source

Original disclosure @ IFC website

Updated in EWS May 18, 2025

Disclosed by Bank Feb 4, 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 Bank’s website, the project aims to promote the Moroccan textile and apparel (T&A) sector shift towards circularity by i) enabling investments in the T&A sector in Morocco, and ii) supporting the development of a value chain for the recycling and valorization of post-industrial textile waste, also known as pre-consumer textile waste. This is waste generated during the production process, such as cutting waste, dead stock, non-conforming products, which could be reused and recycled. This pilot project will focus on supporting the sustainability of the textile industry through the adoption of an innovative circular economic model, aiming to restore waste value and reduce waste, which in turn should support continued access to markets with sustainability and circularity standards.

The objective of the Morocco Textile Circularity project is to demonstrate the viability of a near-shore, integrated, low-carbon/low-waste textile and apparel production model. The project aims to build the capacity of industry players to ensure sustainable and reliable feedstock for circular production and provide thought leadership in the textile circularity space in Morocco.

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

Estimated Total Budget: $1,736,759.00 (Project budget includes all project-funded activities)


Contact Information
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No contacts available at the time of disclosure.

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ACCOUNTABILITY MECHANISM OF IFC/MIGA

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How it works

How it works