The European Bank for Reconstruction and Development (EBRD) is partnering with the Green Climate Fund (GCF), the European Union (EU) and Canada to provide a green financing package of up to €50 million to Crédit du Maroc. This strategic initiative is designed to support private-sector climate investments across Morocco, with a focus on decarbonisation, climate resilience and the acceleration of the energy transition. The financing package is complemented by donor support channelled through the EBRD’s High-Impact Partnership on Climate Action (HIPCA).
Provided under the EU-backed Morocco Decarbonisation and Climate Resilience programme, the new Green Economy Financing Facility (GEFF) Plus mobilises two complementary mechanisms that target both SMEs and larger national companies. The objective is to significantly expand Morocco’s green investment capacity and foster the adoption of sustainable technologies.
€25 million for SMEs via the new GEFF facility
The first component consists of a loan of up to €25 million, including €18.75 million from the EBRD and €6.25 million from GCF. This financing will help Moroccan SMEs invest in practical climate solutions such as solar power systems, energy- and water-efficiency upgrades, greener buildings and circular-economy projects.
To strengthen the financial viability of these investments, the EU is providing incentive grants to encourage the deployment of efficient and low-carbon technologies.
€25 million for mid caps and large companies via MidGEFF
The second component brings an additional €25 million under the MidGEFF framework, combining €23 million from the EBRD with €2 million from Canada through HIPCA. This package targets mid caps and larger companies seeking to scale up their green investments. Eligible projects include renewable energy generation, industrial energy-efficiency improvements, sustainable construction, wastewater treatment and seawater desalination — all essential for strengthening Morocco’s water security and climate resilience.
Technical assistance to accelerate green project deployment
The EU and GCF are also funding comprehensive technical assistance to support Crédit du Maroc and its clients. This includes project preparation, capacity-building in green lending and the promotion of equitable access to climate finance. The support aims to enhance the bank’s internal capabilities and ensure smooth implementation of green investment pipelines.
High-level statements underline strategic importance
During his first official visit to Morocco as First Vice President, Greg Guyett reaffirmed the EBRD’s commitment:
“This financing package will help unlock private-sector investment in new, climate-resilient energy technologies and support Morocco’s vision for the energy system of the future.”
Ali Chorfi, member of the Crédit du Maroc Executive Board, emphasised the programme’s alignment with the bank’s responsible development strategy:
“It builds on our previous GEFF offerings and represents a major opportunity for our clients and a growth driver for the bank.”
From the EU Delegation in Morocco, Eric Trotemann highlighted the contribution of this initiative to the EU–Morocco Green Partnership, noting its potential impact on SMEs and the broader Moroccan economy.
A strategic platform for Morocco’s green transition
Crédit du Maroc — majority-owned by Holmarcom Finance Company and listed on the Casablanca Stock Exchange — is a key partner in advancing green lending. The bank already manages a robust pipeline of projects in wind energy, renewable power, seawater desalination and green infrastructure.
Morocco has set an ambitious goal of achieving net-zero emissions by 2050, positioning itself as a leader in the southern and eastern Mediterranean region. Yet, achieving this objective requires substantial investment, particularly for SMEs. The EBRD’s financing package aims to bridge this gap, accelerating Morocco’s transition and strengthening its climate-resilience agenda.
Since launching operations in Morocco in 2012, the EBRD has invested almost €5.9 billion across 125 projects, underscoring the Bank’s long-term commitment to sustainable development in the country.
