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Who we are
Overview: about the EBRDWho we are
Overview: about the EBRD
Our story
Learn about the EBRD's journey to investing more than €220 billion in over 7,800 projects.
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What we do
Overview: how the EBRD operatesWhat we do
Overview: how the EBRD operates
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Across three continents, the EBRD supports the transition to successful market economies.
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Overview: how you can work with the EBRDWork with us
Overview: how you can work with the EBRD
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Light
Eng
Eng
- EBRD, EU, GCF and Canada provide up to €65 million in green financing to BMCI through the HIPCA
- BMCI the first bank in Morocco to benefit from a comprehensive GEFF Plus package
- Funds to support and finance SMEs and larger companies in their green transition, climate mitigation and climate adaptation
The European Bank for Reconstruction and Development (EBRD), supported by the European Union (EU), the Green Climate Fund (GCF) and Canada through the EBRD’s High-Impact Partnership on Climate Action (HIPCA),* is extending up to €65 million in green financing to Banque marocaine pour le commerce et l'industrie (BMCI).
Provided as part of the EU-backed Morocco Decarbonisation and Climate Resilience programme, the financing package includes €1.75 million from the GCF and €2.4 million from Canada to support small, mid-sized and larger companies’ green projects.
BMCI is the first bank in Morocco to benefit from this comprehensive Green Economy Financing Facility (GEFF) Plus package. It is the EBRD’s fifth partnership with BMCI, with a view to accelerating Morocco’s continued green transition and promoting inclusion and sustainable investment across the country.
BMCI will channel the funds through sub-loans to Moroccan small, medium-sized enterprises (SMEs), and larger firms, enabling them to invest in advanced climate technologies and sustainable business practices. This dual financing structure ensures that both small-scale and mid-sized green investments receive tailored financial support.
In addition, BMCI will benefit from a comprehensive GEFF technical assistance programme and investment incentives funded by the EU and the GCF. These resources will support the bank in effectively deploying the funds and maximising the impact of the green financing initiative.
The Green Partnership between Morocco and the EU prioritises the energy transition, climate resilience, and decarbonisation, assisting SMEs with innovative technologies for sustainable economic growth.
Operating in Morocco since 1943 and a major contributor to the development of the Moroccan economy, BMCI is positioning itself as a key banking-sector ally in the area of environmental protection, offering "green packages" that come with advantageous terms for financing equipment or work of an ecological nature.
Morocco is a founding member of the EBRD and became an investee economy in 2012. To date, the EBRD has invested almost €5.4 billion in Morocco through 113 projects.
* Active donors to the HIPCA include Austria, Canada, Finland, Germany, the Netherlands, Norway, South Korea, Spain, Switzerland, TaiwanICDF (International Cooperation and Development Fund), the United Kingdom and the United States of America.