Crédit du Maroc has announced the signing of a strategic partnership with the European Bank for Reconstruction and Development (EBRD) as part of the GEFF Plus program, aimed at supporting Moroccan companies in their energy and ecological transition projects.
Aligned with the bank’s strategic priorities, this collaboration is based on a financing line of €50 million, intended to support a wide range of green projects, including energy efficiency, renewable energies, water conservation, and sustainable construction.
### A High-Impact Green Investment Program
The GEFF Plus program combines two complementary financing lines, significantly enhancing Crédit du Maroc’s offering in sustainable finance. Eligible companies can benefit from grants of up to 15% of their green investment amounts, in addition to technical support for the structuring and implementation of their projects.
Larger projects, particularly in the renewable energy sector, can also be financed through loans of up to €15 million per sub-project, thus broadening access to financing for companies with high environmental impact potential.
According to Ali Chorfi, a member of the Executive Board of Crédit du Maroc in charge of Corporate and Investment Banking, this program builds on previous GEFF offerings, which have already been widely adopted by the bank’s clients. It represents both an opportunity for companies engaged in the energy transition and a development lever for Crédit du Maroc, in line with its environmental commitments and those of the Kingdom.
### Enhanced Technical and Financial Support
Beyond financing, the GEFF Plus program offers in-depth technical support, allowing companies to benefit from specialized advice for project design, selection of suitable green solutions, and access to experts in energy transition.
This integrated approach aims to maximize the environmental impact of investments while facilitating the transformation of businesses in a context of increasing climate requirements.
Crédit du Maroc also relies on proven experience in green finance, with refinancing mechanisms such as GEFF 2 and Green Value Chain, launched in 2020 and having financed significant projects in renewable energy, sustainable buildings, and water resource preservation.
### A Lever for National Energy Transition
For its part, the EBRD has hailed this partnership as a key tool for mobilizing private investment in favor of climate resilience and low-carbon technologies. This initiative contributes to supporting national sustainable development goals and reinforces the foundations of a greener and more inclusive economic model.
This partnership fully aligns with the ambition of Crédit du Maroc to facilitate access for companies, particularly SMEs, to the necessary financing to meet national climate requirements, including those related to the “Climate Change” circular from Bank Al-Maghrib. Through the GEFF Plus program, the bank aims to actively contribute to Morocco’s goal of achieving carbon neutrality by 2050.