EBRD deepens ties with Morocco, unveils €50 million green finance package

Saturday 13 December 2025 - 10:50

By: Dakir Madiha

EBRD deepens ties with Morocco, unveils €50 million green finance package

Senior officials from the European Bank for Reconstruction and Development (EBRD) visited Morocco this week to strengthen partnerships and announce significant green financing initiatives aimed at supporting the country’s energy transition.

High-level meetings and strategic priorities

The EBRD delegation, led by First Vice President Greg Guyett and Vice President for Banking Matteo Patrone, conducted a two-day visit to Casablanca from December 11-12. Meetings were held with Morocco's Minister of Economy and Finance, Nadia Fettah, and representatives of the banking sector, alongside public and private sector clients. The visit marked Guyett’s first official trip to Morocco in his current role.

The discussions centered on advancing Morocco’s green economy transition, bolstering private sector competitiveness, and supporting infrastructure development. During the visit, agreements were signed to finance several new investments, reflecting the EBRD’s commitment to Morocco’s development priorities.

€50 million green finance package

As part of the visit, the EBRD announced a comprehensive €50 million green finance package in partnership with Crédit du Maroc. The initiative is backed by funding from the EBRD, the Green Climate Fund, the European Union, and Canada through the High-Impact Partnership on Climate Action (HIPCA). The package is designed to support Morocco’s ambitious climate goals, including achieving net-zero emissions by 2050.

The financing program is divided into two components. The first allocates €25 million to small and medium-sized enterprises (SMEs) under the Green Economy Financing Facility (GEFF), combining €18.75 million from the EBRD and €6.25 million from the Green Climate Fund. The second component provides €25 million for larger companies through the MidGEFF framework, with €23 million from the EBRD and €2 million from Canada via HIPCA.

Green investments and energy transition

The funds will be used to accelerate Morocco’s energy transition through investments in renewable energy projects, energy efficiency improvements, water treatment facilities, and seawater desalination systems. EU-funded technical assistance will support Crédit du Maroc in enhancing its green lending capacity and ensuring broad access to climate finance.

“We are pleased to partner with Crédit du Maroc to advance Morocco’s strategic priorities for the energy transition,” said Greg Guyett during the signing ceremony. “This financing package will help unlock private-sector investment in new, climate-resilient energy technologies.”

Crédit du Maroc Executive Board member Ali Chorfi welcomed the collaboration, highlighting its alignment with the bank’s ongoing efforts to support clients in achieving energy transition goals. Eric Trotemann from the EU Delegation to Morocco also emphasized the partnership’s role in advancing Morocco’s Green Partnership framework, which focuses on climate resilience and economic decarbonization.

EBRD’s ongoing commitment to Morocco

Since beginning operations in Morocco in 2012, the EBRD has invested nearly €5.9 billion across 125 projects, with 69% of its funding directed toward private sector development. In 2025 alone, the Bank mobilized €312 million from external sources. Priority areas include sustainable energy promotion, infrastructure reform, and direct private enterprise financing.

The visit builds on a history of high-level engagement between the EBRD and Morocco, including a five-day mission in September where board members met with government officials and visited EBRD-financed projects in Casablanca, Fez-Meknes, and Tangier. Through these efforts, the EBRD remains a key partner in driving Morocco’s sustainable development and green economy transition.