The European Bank for Reconstruction and Development (EBRD) has just approved two loans totaling €65 million in favor of Crédit du Maroc (CDM), a subsidiary of the Holmarcom Group. The objective is to accelerate financing for private projects that contribute to the Kingdom’s climate and energy transition.
The first loan, amounting to €40 million, is part of the MidGEFF program and targets medium-sized green investments. It will be accompanied by technical support financed by the European Union under the Moroccan Decarbonization and Climate Resilience Program (MDCR), as well as a Canadian contribution of €3.2 million through the HIPCA fund. The credits will be used to support projects in renewable energy, energy efficiency, sustainable construction, circular economy, and water treatment.
The second financing, amounting to €25 million, falls under the GEFF III program and emphasizes inclusive sustainability, particularly projects that incorporate gender dimensions. Co-financed by the Green Climate Fund (€6.25 million) and supported by European grants, it will focus on small-scale initiatives in renewable energy, sustainable water and land management, and the blue economy.
This partnership, supported by the European Union, Canada, and the GCF, continues the collaboration between the EBRD and Crédit du Maroc. It strengthens the role of the banking sector in sustainable finance and mobilizing capital for Morocco’s ecological transition.
With Le Matin