📋 Tender Overview
Project ID: 56696
StatusExploratory
Location: Morocco
Business Sector: Financial Institutions
Notice Type: Private
Environmental Category: FI
Approval Date: 08 Oct 2025
Disclosure date 11 Sep 2025
Project Description
Provision of a senior unsecured loan to Credit du Maroc ("CDM"), of up to EUR 40 million or equivalent in MAD, as part of a EUR 65m "GEFF +" Package (including also up to EUR 25 million or equivalent in MAD GEFF III loan). Up to EUR 3.2 million is expected to be co-financed by Canada through the multi-donor fund High-Impact Partnership on Climate Action ("HIPCA Canada"). A comprehensive Technical Cooperation support for this operation will be funded by the European Union as part of the Morocco Decarbonisation and Climate Resilience ("MDCR"). The proceeds of the loan will be used by CDM for on-lending to private companies to finance their climate change mitigation and adaptation investments.
Project Objectives
The project will promote a green economy in Morocco by supporting eligible private sector Corporates implementing mid-size climate-resilient investments. The project will specifically target, among other things: mid-size renewable energy investments, mid-size industrial energy efficiency projects (such as energy efficiency upgrading of industrial sites), green buildings, eligible private sector investments in the municipal infrastructure sector, as well as climate adaptation projects (such as wastewater treatment or water desalination) and circular economy investments.
