• EBRD, EU, GCF, and Canada plan €65 mln ($77 mln) green loan for Crédit du Maroc.
• Funds to support clean energy, water treatment, and sustainable SME projects.
• Package includes technical support, EU grants, and training in green finance.

The European Bank for Reconstruction and Development (EBRD), in partnership with the European Union, the Green Climate Fund (GCF), and the government of Canada, plans to provide €65 million ($77 million) in green financing to Crédit du Maroc (CDM), a subsidiary of Moroccan private group Holmarcom, according to local media.

The initiative is designed to help Moroccan companies transition toward more sustainable business models by supporting the adoption of clean technologies and environmentally friendly practices.

The financing will have two main components. €40 million will be provided through the MidSEFF program, which backs private sector projects in renewable energy, water treatment, and the circular economy. The remaining €25 million will come via the GEFF III program, targeted at micro, small, and medium-sized enterprises investing in sustainable solutions.

This new partnership will enable Crédit du Maroc to expand its portfolio of green financial products for private businesses, particularly projects focused on climate change mitigation and adaptation.

To ensure effective implementation, the package includes technical assistance for both the bank and eligible clients. Incentive grants co-financed by the EU will support investments, while green finance training—especially for women entrepreneurs—will also be offered.

The deal builds on earlier cooperation between EBRD and Crédit du Maroc. In February 2020, the EBRD granted a €20 million loan to the Moroccan bank under the “Green Value Chain” program, aimed at supporting SMEs engaged in sustainable value chains.

Since starting operations in Morocco in 2012, the EBRD says it has invested more than €3.2 billion in projects across various strategic sectors.