Marrakech – Senior European Bank for Reconstruction and Development (EBRD) officials are visiting Morocco this week to strengthen partnerships and announce major green financing initiatives.
EBRD First Vice President Greg Guyett and Vice President for Banking Matteo Patrone are conducting meetings in Casablanca from December 11-12. The delegation is meeting with Minister of Economy and Finance Nadia Fettah and representatives from Morocco’s banking sector.
The visit marks Guyett’s first trip to Morocco in his capacity as First Vice President. He is being joined by Mark Davis, EBRD’s Managing Director for the Southern and Eastern Mediterranean, and Haytham Eissa, Head of Morocco operations. The meetings are focusing on private sector support, green economy transition, and key infrastructure investments.
During the ongoing visit, the delegation is signing agreements on several new investments while exploring opportunities to deepen cooperation with both public and private sector clients. The discussions are examining ways to accelerate Morocco’s transition to a sustainable economy.
Our First Vice President Greg Guyett signed a new agreement with Crédit du Maroc. Our €50 mln will finance private-sector climate adaptation & mitigation projects in Morocco.
Supported by @UE_au_Maroc, @EU4MENAGulf, @theGCF & @CanEmbMorocco under HIPCA.https://t.co/bnqISTxC9r pic.twitter.com/YRSCg6kUfo
— The EBRD (@EBRD) December 12, 2025
The EBRD has signed a comprehensive €50 million green financing package with Crédit du Maroc during the visit. The agreement combines funding from multiple international partners, including the Green Climate Fund, European Union, and Canada through the High-Impact Partnership on Climate Action.
The financing package operates under two components targeting different business segments. The first provides €25 million for small and medium enterprises through the EBRD’s Green Economy Financing Facility. This combines €18.75 million from EBRD with €6.25 million from the Green Climate Fund (HIPCA).
The second component offers €25 million under the MidGEFF framework for larger companies. This includes €23 million from EBRD and €2 million from Canada through HIPCA.
“We are pleased to partner with Crédit du Maroc to advance Morocco’s strategic priorities for the energy transition,” Guyett said during the signing ceremony. “This financing package will help unlock private-sector investment in new, climate-resilient energy technologies.”
The funds will support various green investments, including solar power projects, energy efficiency upgrades, water treatment facilities, and seawater desalination systems. EU-funded technical assistance will help develop green lending capacity and ensure equal access to climate finance.
Ali Chorfi, Crédit du Maroc Executive Board member responsible for Corporate and Investment Banking, welcomed the expanded collaboration. “This program builds on our previous GEFF offerings, designed to support our clients’ energy transition,” Chorfi stated.
Eric Trotemann from the EU Delegation to Morocco noted the alignment with Morocco’s Green Partnership framework. The partnership focuses on energy transition, climate resilience, and economic decarbonization.
Read also: EBRD Hails Morocco’s Advances in Renewable Energy and Industrial Growth
Guyett described his visit as an opportunity to deepen cooperation. “The EBRD will support Morocco’s development priorities by investing in the energy transition, expanding access to finance for SMEs, supporting the innovation economy and strengthening private-sector competitiveness,” he said.
The visit builds on previous high-level engagement. In September, the EBRD Board of Directors conducted a five-day mission meeting government officials and visiting Bank-financed projects across Casablanca, Fez-Meknes region, and Tangier.
EBRD has maintained a strong presence in Morocco since beginning operations in 2012. The Bank has invested nearly €5.9 billion across 125 projects throughout the country. In 2025 alone, EBRD mobilized €312 million from other funding sources.
The Bank directs 69% of its Moroccan funding toward private sector development. Priority areas include sustainable energy promotion, infrastructure reform, and direct financing support for private enterprises.
Morocco has committed to achieving net-zero emissions by 2050, setting ambitious climate targets for the southern and eastern Mediterranean region. The new financing package addresses significant funding gaps for green investments while supporting the country’s accelerated energy transition goals.
Crédit du Maroc, majority-owned by Holmarcom Finance Company and listed on the Casablanca Stock Exchange, serves as a strategic EBRD partner for green lending initiatives. The bank maintains a growing market share and a robust pipeline of renewable energy and infrastructure projects.
