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AFDB Introduces $1M Program
The African Development Bank Group (AfDB) has launched a $1 million technical assistance program to support the Crédit Agricole du Maroc Group (GCAM) in strengthening Morocco’s green #finance ecosystem.
Announced on 28 January, the initiative is being implemented through the African Green Banks Initiative in collaboration with the Multilateral #Cooperation Center for Development Finance.
The program is designed to enhance GCAM’s institutional, operational, and financial capabilities, enabling the bank to play a stronger role in financing climate-smart and #sustainable projects.
Key areas of support include mobilising concessional and private capital, improving the identification and structuring of # #greenprojects and strengthening systems for monitoring and reporting climate impact.
By reinforcing GCAM’s capacity to channel #funding toward low-carbon and climate-resilient investments, the initiative will help accelerate Morocco’s transition to a sustainable and inclusive green economy. It also reflects AfDB’s broader commitment to scaling green finance across Africa by empowering local financial institutions to lead #climate action.
This #partnership highlights the growing importance of blended finance, strong institutions, and targeted technical support in unlocking climate #investments and building resilient financial systems.
#local
The African Development Bank Group (AfDB) has launched a $1 million technical assistance program to support the Crédit Agricole du Maroc Group (GCAM) in strengthening Morocco’s green #finance ecosystem.
Announced on 28 January, the initiative is being implemented through the African Green Banks Initiative in collaboration with the Multilateral #Cooperation Center for Development Finance.
The program is designed to enhance GCAM’s institutional, operational, and financial capabilities, enabling the bank to play a stronger role in financing climate-smart and #sustainable projects.
Key areas of support include mobilising concessional and private capital, improving the identification and structuring of # #greenprojects and strengthening systems for monitoring and reporting climate impact.
By reinforcing GCAM’s capacity to channel #funding toward low-carbon and climate-resilient investments, the initiative will help accelerate Morocco’s transition to a sustainable and inclusive green economy. It also reflects AfDB’s broader commitment to scaling green finance across Africa by empowering local financial institutions to lead #climate action.
This #partnership highlights the growing importance of blended finance, strong institutions, and targeted technical support in unlocking climate #investments and building resilient financial systems.
#local
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