As part of their joint commitment to support economic resilience in Morocco, the European Bank for Reconstruction and Development (EBRD) and the European Union (EU) have just concluded a partnership with Finéa, a subsidiary of the CDG Group specializing in financing very small, small, and medium-sized enterprises (VSMEs). This support takes the form of a loan of up to 23.5 million euros, accompanied by a first-loss guarantee provided by the EU through the European Fund for Sustainable Development Plus (EFSD+).
Targeted support for affected areas
This financing is part of the economic response implemented after the Al Haouz earthquake in September 2023. It primarily targets businesses located in severely affected regions but can also benefit VSMEs operating outside the Casablanca-Rabat corridor. The goal is to facilitate their access to public and private markets, particularly in essential sectors such as municipal lighting, supply for schools and hospitals, and basic infrastructure.
Digital innovation for supply chain financing
Beyond financial assistance, the partnership includes a technical cooperation program for the development of a digital platform. This will enable Finéa to offer new factoring and supply chain financing products integrated into its banking systems. An innovation aimed at better meeting the specific needs of VSMEs and enhancing their competitiveness.
A key player in financing public enterprises
Finéa, a subsidiary of the CDG Group authorized by Bank Al-Maghrib, positions itself as a central link in supporting Moroccan businesses by facilitating their access to public procurement through tailored financing solutions. It is also the manager of the Guarantee Fund dedicated to Public Procurement (FGCP). In 2023, Finéa had total assets of 216 million euros.
A strategic partnership for sustainable reconstruction
The EFSD+, the EU’s financial arm for supporting sustainable development, mobilizes public and private resources to finance impactful projects. Over the period 2021-2027, it has a guarantee capacity of nearly 40 billion euros. Morocco, a founding member of the EBRD, has already benefited from more than 5.3 billion euros in investments from the Bank since 2012, through 112 projects focused particularly on sustainable energy, infrastructure, and the private sector.