Morocco—Green Value Chains (Morocco GVC)

Client: European Bank for Reconstruction and Development

Duration: 2018-2022

Region: Middle East and North Africa

Country: Morocco

Solutions: Environment

As the green value chain line of the Green Economy Financing Facilities (GEFF), the Morocco Green Value Chains (Morocco GVC) project is building on the market achievements of the European Bank for Reconstruction and Development (EBRD) Sustainable Energy Financing Facility (MorSEFF) programme, managed by DAI. The Facility represents simultaneously the first extension of the GEFF framework to a French business language country among the EBRD countries and the first to combine small firm competitiveness concepts with the green economy.

Morocco GVC is a €90 million facility, co-financed by the European Union, the Green Climate Fund, and the Korean Technical Assistance & Cooperation Account. The Facility provides dedicated credit lines, supported by financial investment incentives and technical assistance, to local participating financial institutions in Morocco for on-lending to help finance high-performance technologies and services supporting a green economy and boosting the competitiveness of small and medium enterprises.

Currently, the Facility is working with Groupe Société Générale, Credit du Maroc, Groupe Banque Populaire and Groupe Bank of Africa—Banque Marocaine du Commerce Extérieur.

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Sample Activities

  • Provide partner financial institutions with technical assistance and training in developing marketing strategies and activities to build customer awareness and fill the pipeline with clean energy projects.
  • Work with other agencies—including government, business associations, and development finance institutions—to promote the facility and reach potential sub-borrowers.
  • Train local engineers, energy auditors, architects, and designers to identify and prepare bankable sustainable energy projects.

Select Results

  • Supported four financial institutions to on-lend €5.3 million to 19 approved energy efficiency projects.
  • Conducted eligibility checks of potential projects within the pipeline, having conducted more than 60 assessments to date.
  • Provided support to more than 190 potential sub-borrowers in meeting investment requirements.
  • Trained more than 450 loan offices in the financial institutions on green economy investments, climate adaptation investments, and facility requirements.
  • Raised awareness of energy efficiency in the small and midsize business sector by supporting the financial institutions in marketing through industry workshops and events, having reached more than 14,000 companies.
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