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# EBRD, Green Climate Fund and Canada Extend EUR 70 Million Green Facility to Morocco's Bank of Africa
- URL: https://www.theglobalbanker.com/ebrd-green-climate-fund-canada-eur-70-million-green-facility-morocco-bank-of-africa/
- Published: 2025-05-15T16:43:00.000Z
- Updated: 2026-10-20T12:46:03.000Z
- Description: The EBRD, Green Climate Fund and Canada announced a EUR 70 million facility for Morocco's Bank of Africa on 15 May 2025 to expand green lending to private-sector SMEs under the GEFF+ programme.
- Author: TGB Editorial Team
- Tags: ESG, MENA, #archive

The European Bank for Reconstruction and Development, the Green Climate Fund, and Canada formalised a EUR 70 million green finance facility with Bank of Africa in Morocco on 15 May 2025, under the Green Economy Financing Facility Plus programme. The facility is designed to enable Bank of Africa to expand its green lending to private-sector micro, small and medium-sized enterprises seeking financing for climate mitigation and adaptation projects.

#### STRUCTURE OF THE EUR 70 MILLION FACILITY

The EUR 70 million is split equally between two tranches: EUR 35 million provided by the Green Climate Fund and EUR 35 million from the HIPCA facility co-financed by Canada and channelled through the EBRD. The facility will be deployed by Bank of Africa as on-lending to eligible SME borrowers pursuing green investments.

Alongside the lending facility, a EUR 6 million technical cooperation package has been assembled to support Bank of Africa in building its green lending capabilities and advancing gender-responsive climate finance. Within that package, the European Union contributes EUR 2.38 million and the Green Climate Fund provides EUR 3.62 million. 

The GEFF+ programme under which the facility operates is an EBRD-managed instrument that supports financial intermediaries — typically local banks — in offering green finance products to their SME and household clients. 

#### BANK OF AFRICA'S PRIOR GREEN LENDING

Bank of Africa had already extended EUR 113 million in green loans under prior EBRD cooperation programmes at the time of the May 2025 signing. 

The bank is also a founding member of the Green Investment Principles for Belt and Road, having joined that initiative in 2019\.