Rabat, September 15, 2026 – The Europe Today: The European Bank for Reconstruction and Development (EBRD) has approved a €25 million loan for Banque Centrale Populaire (BCP) to support climate-related investments by Moroccan businesses, particularly micro, small and medium-sized enterprises (MSMEs).
The financing forms part of a broader €65 million “GEFF+” package aimed at expanding access to green finance in Morocco. The package also includes a proposed €40 million MidGEFF facility for larger-scale investments by Moroccan mid-sized companies, subject to approval by the EBRD Board of Directors.
Under the approved facility, BCP will provide financing to eligible private-sector companies for projects focused on climate change mitigation and adaptation. Up to €6.25 million of the financing is expected to be co-financed by the Green Climate Fund (GCF).
The programme will also benefit from incentive grants and technical assistance provided by the European Union under the Morocco Decarbonisation and Climate Resilience Programme, alongside support from the GCF.
Eligible investments will cover a range of green initiatives, including small-scale renewable energy projects, energy efficiency, green buildings, circular economy activities, climate adaptation, digitalization and the blue economy. Particular emphasis will be placed on improving water efficiency and promoting sustainable land management.
The EBRD said the facility is intended to contribute to Morocco’s transition toward an environmentally sustainable, low-carbon and climate-resilient economy by enabling private-sector companies to adopt green technologies and services.
The wider proposed €40 million MidGEFF facility would target larger climate investments, including renewable energy, industrial energy efficiency, green buildings, wastewater treatment, desalination, circular economy projects and private investment in municipal infrastructure. Canada is expected to provide €3.2 million in co-financing for the proposed facility through the High-Impact Partnership on Climate Action fund.
The initiative also includes tailored green-finance and technology training for women sub-borrowers, reinforcing the programme’s focus on inclusive and gender-responsive climate finance.
