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Green Financing: The African Development Bank Counts on the Moroccan Agricultural Credit for Structuring Climate Finance
By providing financial support of one million dollars to the Moroccan Agricultural Credit Group, the African Development Bank sends a clear message: a strategic choice for an institution expected to play a pivotal role in organizing and structuring climate finance in Morocco, with prospects extending to the African continent.
The program, launched in Rabat by the African Development Bank Group through the African Green Banks Initiative and the Multilateral Development Cooperation Center, has entered its operational phase. It aligns with the implementation of the “four key points” defined by the Group’s President, Dr. Sidi Ould Tah, aimed at enhancing the mobilization of African financial resources, strengthening financial institutions, supporting the demographic transition of the continent, and investing in infrastructure capable of withstanding climate change.
Beyond its financial value, this support bears significant institutional implications. It aims to strengthen the capacities of the Moroccan Agricultural Credit Group at strategic, operational, and financial levels, facilitating the mobilization of preferential and private financing, improving project definition and structuring for green initiatives, and ensuring their funding and monitoring of climate impact according to strict international standards.
This cooperation enhances Morocco’s positioning as a reliable platform for green financing in Africa. For the African Development Bank, it represents support for a national trajectory engaged for years in environmental transition, based on structured investments and a long-term vision. As confirmed by Ashraf Tersim, the bank’s country office representative in Morocco, the kingdom, through such initiatives, solidifies its status as a continental reference in the field of climate finance.
For the Moroccan Agricultural Credit Group, this partnership marks a new strategic milestone. Following its historic focus on agriculture, food industries, and rural areas, the bank is gradually expanding its intervention scope to include capital-intensive sectors with significant climate impact, including resilient infrastructure, water management, clean energy, and networking. Mustapha Shahhar, the group’s assistant general manager, believes this approach reinforces the leadership of the Moroccan Agricultural Credit in green financing, aligning with the economic and climatic priorities of the kingdom.
The technical assistance will target sectors with high economic and environmental impact, including sustainable agriculture, rural development, water, renewable energies, and resilient infrastructure. It also aims to align the financing of the Moroccan Agricultural Credit Group with international climate finance standards, which is a prerequisite for accessing multilateral financing mechanisms and mobilizing private capital.
The program is part of Morocco’s nationally determined contributions, helping improve the coherence of national financial flows with the kingdom’s climate priorities. Thus, it accompanies the gradual transformation of the Moroccan financial system into a lever for environmental transition, capable of supporting sustainable, inclusive, and resilient growth.
The African Development Bank is a long-term partner for Morocco, having mobilized nearly €15 billion since 1978 to finance more than 150 projects and programs in strategic sectors, including transportation, water, energy, agriculture, governance, and the financial sector.
