The European Bank for Reconstruction and Development (EBRD), along with several international partners, has announced a financing package of up to €50 million for Crédit du Maroc. The objective of this funding is to boost private-sector investment in green and climate-focused projects across Morocco. The package is supported by contributions from the Green Climate Fund (GCF), the European Union (EU), and the Government of Canada through the EBRD’s High-Impact Partnership on Climate Action (HIPCA).
This financing is part of the EU-backed Morocco Decarbonisation and Climate Resilience programme and is structured under the Green Economy Financing Facility (GEFF) Plus. The package includes two complementary facilities aimed at helping both small and medium-sized enterprises (SMEs) and larger companies invest in technologies and projects that support Morocco’s transition to a low-carbon and climate-resilient economy.
The first component of the package is a loan of up to €25 million under the EBRD’s new GEFF facility. This includes €18.75 million from the EBRD and €6.25 million from the GCF. These funds will enable Moroccan SMEs to adopt practical climate solutions such as solar power systems, energy-efficient and water-saving technologies, green building upgrades, and circular-economy initiatives. To encourage wider adoption, the EU will provide incentive grants to companies that invest in approved green technologies.
The second component is another loan of up to €25 million, provided under the MidGEFF framework. This facility is tailored to mid-sized and large companies and combines €23 million from the EBRD with €2 million from Canada channelled through HIPCA. The funding will support larger renewable energy projects, industrial energy-efficiency upgrades, and sustainable construction initiatives. It also covers climate adaptation measures such as wastewater treatment and seawater desalination—critical technologies for enhancing Morocco’s water security.
The financing package is supported by extensive technical assistance funded by the EU and GCF. This support will help Crédit du Maroc strengthen its expertise in green financing, guide clients in designing and implementing climate-smart projects, and ensure that green finance remains accessible to businesses of varying sizes.
The agreement was signed during the first official visit to Morocco by Greg Guyett, the EBRD’s First Vice President, along with Ali Chorfi, a member of Crédit du Maroc’s board responsible for corporate investment banking. Guyett emphasized that the partnership will help Morocco accelerate its energy transition by unlocking private investments in climate-resilient technologies.
Chorfi noted that the new programme builds on the bank’s earlier GEFF initiatives and aligns with Crédit du Maroc’s environmental commitments and long-term development goals. Eric Trotemann, Head of Cooperation at the EU Delegation to Morocco, highlighted the programme’s alignment with the EU–Morocco Green Partnership, which focuses on climate resilience, renewable energy, and decarbonisation. He expressed confidence that the initiative will encourage meaningful green investments and support sustainable economic growth.
Crédit du Maroc, listed on the Casablanca Stock Exchange and majority-owned by Holmarcom Finance Company, is a key partner for the EBRD in promoting green lending in Morocco. The bank already has an active green project pipeline in areas such as wind energy, seawater desalination, and renewable infrastructure. Morocco has set a strong example for climate ambition in the Mediterranean region by committing to net-zero emissions by 2050.
However, achieving this goal requires significant investment in sustainable technologies and climate adaptation. The new financing package is expected to play a critical role in bridging the funding gap for small and mid-sized green projects across the country. Since beginning operations in Morocco in 2012, the EBRD has invested nearly €5.9 billion across 125 projects, helping to advance the country’s economic and environmental goals.
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