Morocco: EIB and JAÏDA sign finance contract to support microlending by microfinance institutions
Provider: View Original Type: Link Title: Morocco: EIB and JAÏDA sign finance contract to support microlending by microfinance institutions Description: The European Investment Bank (EIB) and JAÏDA, a lender to microfinance institutions, have announced the signing of a loan agreement worth €10 million (over MAD 108 million) to support income-generating activities in Morocco. This agreement strengthens JAÏDA’s ability to lend to the country’s microfinance institutions, while underpinning its work in the areas of financial inclusion and social development. This funding will be used exclusively to finance microloans of less than €25 000 (approximately MAD 270 000) to promote income-generating activities and help maintain jobs at micro- and small enterprises with fewer than 10 employees in urban and rural areas, as well as to assist self-employed workers, individual entrepreneurs and micro-entrepreneurs.
Provider: View Original Type: Link Title: ESMA appoints new Management Board member Description: The European Securities and Markets Authority (ESMA), the EU’s securities markets regulator, has appointed a new member to its Management Board to fill a vacancy following the departure of a member of the Board of Supervisors. The appointment took place at the Board of Supervisors meeting in Paris today, 28 January.
Burkina Faso: EUR 38.5m EIB backing for solar power and flood protection
Provider: View Original Type: Link Title: EUR 38.5m EIB backing for solar power and flood protection in Burkina Faso Description: The European Investment Bank today confirmed EUR 38.5 million of new financial and technical support to transform renewable power generation in Burkina Faso and better protect its capital city from future flooding. The new clean energy and climate adaptation projects will improve access to energy in the country and address public health challenges and economic risks caused by extreme weather.
EIB to support Croatia invest more in energy, climate and sustainability projects
Provider: View Original Type: Link Title: EIB to help Croatia invest more in energy, climate and sustainability projects Description: The European Investment Bank (EIB) and the Ministry of Economy and Sustainable Development of the Republic of Croatia have agreed to expand cooperation on the development and financing of key energy, sustainability and climate-related projects in the country.