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Rabat – Greg Guyett, the European Bank for Reconstruction and Development’s (EBRD) first Vice-President, celebrated a record year for new contract signings with Morocco in 2025.
He said these contracts total around $1 billion.
“This positive momentum results from the close partnership established with the Moroccan government, as well as with private sector clients,” Guyett said, citing both large and small and medium-sized enterprises that the bank works with in the North African kingdom.
The bank’s goal is to continue investing, including in the private sector, to “support the growth of private businesses,” he told Moroccan news agency MAP.
Guyett recalled the several programs in collaboration with partner banks to support Moroccan enterprises, whether they are small or medium, to create conditions that allow them easier access to markets.
The programs also include educational initiatives, particularly those seeking to empower youth and women.
For Guyett, the bank’s work in Morocco covers different objectives, including developing the energy and industrial systems.
The bank is also capitalizing on its investments to revamp other new and future projects that span priority sectors, including water.
Energy is in addition one of the focal points in the bank’s strategy, particularly renewable energy and the improvement of the electricity grid.
Morocco’s goal is to generate its electricity needs from renewables, with projections to secure 52% of electricity from renewable power by 2030. Renewable resources in Morocco now contribute over 45% to the country’s electricity and grid.
