The African Development Bank Group (AfDB) has launched a $1 million technical assistance program to strengthen the green finance capacity of Groupe Crédit Agricole du Maroc (GCAM). This is a move aimed at accelerating Morocco’s climate change and unlocking greater flows of concessional and private capital into high-impact green projects.
The initiative, launched on January 28, is implemented through the Africa Green Bank Initiative and the Center for Multilateral Cooperation in Development Finance, and positions GCAM as a key national instrument for scaling up climate-smart investments.
Building national green finance champions
This technical assistance will strengthen GCAM’s organizational, operational and financial capabilities, enabling the bank to:
Access to concessional and private climate finance
Identify, build and finance green, climate-resilient projects
Monitor and report climate impacts in line with international standards
Sectors covered include sustainable agriculture, rural development, water management, clean energy, resilient infrastructure, and connectivity, areas that are central to Morocco’s long-term development and climate resilience.
“This partnership confirms the ability of African institutions to play a strategic role in financing ambitious climate projects,” said AfDB Group Morocco Country Manager Achraf Tarsim. “With its structural achievements, Morocco has become a benchmark for green finance across the continent.”
Expanding the scope of green investment
GCAM leadership said the program strengthens the bank’s role as a national leader in green finance, while expanding its reach beyond traditional sectors.
“Through this initiative, Crédit Agricole du Maroc is strengthening its leadership in green finance and expanding beyond agriculture and the rural economy,” said Mustafa Cehar, Deputy General Manager of GCAM. “We are now supporting strategic investments in resilient infrastructure and connectivity that are essential for climate change and sustainable development in Morocco.”
Aligning finance and climate action
The program supports Morocco’s Nationally Determined Contributions (NDCs) and strengthens the alignment of national financial flows with climate change priorities. It will also lay the foundations for increasing access to international climate finance and increasing the mobilization of private capital into large-scale, innovative projects.
This commitment is in line with the four fundamentals of AfDB Group Chairman Dr. Sidi Ould Tarr, who emphasizes:
Mobilize Africa’s financial resources
Reforming and strengthening the financial system
Take advantage of population growth
Investing in climate-resilient infrastructure that delivers tangible value
long-term partnership
Since 1978, the African Development Bank Group has mobilized approximately €15 billion for more than 150 projects and programs across transport, water and sanitation, energy, agriculture, social protection, governance and finance in Morocco.
Call to action: Expanding green finance in Africa
The GCAM program provides financial institutions, investors, and policymakers with a replicable model for building national green financial intermediaries that can funnel private capital and impact climate change at scale.
As demand for climate finance accelerates across Africa, the AfDB’s message is clear. The idea is that strong domestic financial institutions are essential to turning climate change ambitions into bankable and investable realities.
