BCP CMGP RSF

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 The proposed investment consists of a package of two unfunded Risk Sharing Facilities (“RSF A” and “RSF B”, the RSF Program) to cover a target portfolio of loans to be originated by Banque Centrale Populaire (“BCP” or the “Bank”) in Morocco for an amount of up to MAD370 million (the “Project”). The Project will finance the acquisition of photovoltaic and drip irrigation equipment from the Compagnie Marocaine de Goutte-à-Goutte et de Pompage (“CMGP” or the “Company”) by farmers clients or distributors of CMGP. Under the proposed Project, IFC will support investments in renewable energy and efficient water management products for Morocco’s agricultural sector through improving access to finance for farmers and the enterprises distributing CMGP’s products in Morocco.The project is expected to be supported by Global Small and Medium Enterprise Finance Facility (GSMEF) as described in the Blended Finance Section.