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On 21 July 2025, the European Bank for Reconstruction and Development (EBRD), in partnership with the European Union (EU), the Green Climate Fund (GCF), and the Government of Canada, announced a €55 million green finance package for SAHAM Bank to accelerate Morocco’s climate mitigation and adaptation efforts.
đź’¶ Financing Structure and Objectives
- The funding is part of the Morocco Decarbonisation and Climate Resilience Programme, backed by the EU.
- It includes:
- €6.25 million from the GCF
- €2.4 million from Canada
- Delivered through the Green Economy Financing Facility Plus (GEFF Plus), the initiative supports:
- Small and medium-sized enterprises (SMEs)
- Mid-cap firms
- Larger companies investing in climate technologies and sustainable practices
🏦 SAHAM Bank’s Role
- This marks the fourth partnership between EBRD and SAHAM Bank.
- Funds will be distributed via sub-loans, tailored to both small-scale and mid-sized green investments.
- SAHAM Bank will also receive technical assistance and investment incentives to strengthen its green finance capabilities
🌍 Strategic Impact
- The initiative aligns with Morocco’s national climate goals and the EU’s broader green partnership strategy.
- It aims to promote:
- Energy transition
- Climate resilience
- Decarbonisation
- SAHAM Bank, founded in 1913, plays a key role in Morocco’s financial sector and sustainable development efforts
đź”— Broader EBRD Engagement
- Morocco became an EBRD investee economy in 2012.
- To date, the EBRD has invested nearly €5.4 billion across 113 projects in the country
For more details, see the EBRD’s official announcement and SAHAM Bank’s partnership release.
