Morocco—Green Economy Financing Facility II (GEFF Morocco II)

Client: European Bank for Reconstruction and Development

Duration: 2021-2025

Region: Middle East and North Africa

Country: Morocco

Solutions: Environment

The Green Economy Financing Facility (GEFF Morocco II) is a European Bank for Reconstruction and Development (EBRD)-funded €150 million facility within the GEFF Morocco framework for Green Economy Transition investments in line with the EBRD methodology and approach to intermediated financing of sustainable energy, resource efficiency, and climate resilience technologies.

GEFF Morocco II provides financing in the form of senior unsecured loans to participating financial institutions, including banks, microfinance, and leasing companies. These loans shall be dedicated to finance private sector sub-borrowers (small firms, corporates, and households) in Morocco for investments in green technologies and services supporting green economy concepts.

GEFF Morocco II is co-financed by the European Union and the Green Climate Fund and builds on the success of the Morocco Sustainable Energy Financing Facility (MorSEFF) programme, as well as the Morocco Green Value Chains Facility, both managed by DAI.

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Sample Activities

  • Regular interaction, maintenance, and monitoring of the Green Technology Selector, the main tool used to communicate to the market a set of available technologies that have been identified as the best performing at a reasonable cost, under local market conditions.
  • Assist with the on-boarding of participating financial institutions that wish to join the facility.
  • Train participating financial institutions to develop marketing strategies and activities to build customer awareness and fill the pipeline with clean energy projects.
  • Support the participating financial institutions in the development of loan products that specifically target the client base.
  • Support the sub-project lifecycle by contributing to the origination, preparation and financing of building-level energy efficiency sub-projects, including conducting eligibility assessments.
  • Implement a Gender Action Plan based on the country-level Gender Baseline Assessment on the awareness of climate change risk, differentiated needs and coping strategies, as well as and obstacles to access finance for green technologies for women and men.
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