PROJECT

Projects

Summary of Investment Information

Project Number

45262

Company Name

CONSEIL REGIONAL DE GUELMIM OUED NOUN

Date SPI Disclosed

May 16, 2024

Country

Morocco

Region

Africa

Projected Board Date

Jun 20, 2024

Environmental Category

B - Limited

Status

Hold

Last Updated Date

Feb 27, 2025

Department

Regional Industry - INF Africa

Industry

other

Previous Events

Approved : Jun 26, 2024

Sector

other

Project Description

The proposed investment consists of up to US$40 million loan or its equivalent in Euros to Region Guelmim-Oued Noun (RGON), one of the 12 Regions of Morocco, to support and co-finance capital expenditure projects included in its current and previous Regional Development Programs (RDP) (the Project).

Associated Advisory Engagement

IFC is supporting the Region through advisory services. These include assistance with (i) E&S assessment of upgrade works at the ports of Tan Tan and Sidi Ifni, (ii) development of an Environmental and Social Management Framework (ESMF) aiming to establish principles, guidelines and procedures for screening, assessing and managing the potential E&S impacts, and (iii) other selected activities to support the Region in terms of sharing knowledge about infrastructure development.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation