Morocco and the European Investment Bank (EIB) are strengthening their partnership with a record-breaking commitment. In 2024, the EIB is set to provide €500 million in financing—an impressive 56% increase from the previous year. This surge in funding underscores the bank’s growing support for Morocco’s strategic infrastructure projects, post-earthquake reconstruction efforts, and private sector development. Over the course of their collaboration, the EIB and Morocco have now exceeded €10 billion in investments, highlighting the vital role this partnership plays in the country’s economic and social progress.
In October 2024, the EIB signed off on the first €500 million installment of a broader €1 billion commitment. These funds are earmarked for rebuilding schools, hospitals, and roads damaged by the devastating Al Haouz earthquake. The reconstruction plan aligns with Morocco’s national recovery strategy, incorporating stricter seismic safety standards and sustainable energy solutions. Complementing this effort, the European Union has pledged an additional €225 million in grants, demonstrating Europe’s solidarity and ongoing support for Morocco.
Beyond disaster recovery, the EIB is backing several large-scale projects. To enhance education access in rural areas, a five-year, €6 million initiative has been launched in partnership with the EU delegation and Morocco’s Ministry of Education. This program aims to build and renovate 150 community schools. In the transportation sector, the EIB is working with Morocco’s National Railway Office to develop a climate resilience strategy for the country’s rail network, ensuring its long-term sustainability in the face of climate change while improving overall reliability.
In December 2024, the EIB further expanded its cooperation with Morocco’s Caisse de Dépôt et de Gestion (CDG) to boost investments in industrial zones and provide financial support to small and medium-sized enterprises (SMEs). Since the beginning of their partnership, more than €455 million has been allocated to strategic projects spearheaded by CDG and its subsidiaries. This collaboration is part of a shared commitment to accelerating Morocco’s transition to a more resilient and sustainable economy.
With total investments now surpassing €10 billion, the EIB has solidified its role as a key player in Morocco’s development. Ioannis Tsakiris, EIB Vice President, emphasized the importance of this commitment, calling Morocco a strategic partner for both the bank and the European Union. He highlighted that strengthening collaborations with institutions like CDG and the Mohammed VI Investment Fund is instrumental in advancing the country’s energy transition and fostering inclusive economic growth that benefits both businesses and citizens.
Adrien de Bassompierre, head of the EIB’s Morocco office, echoed this sentiment, noting that reaching the €10 billion milestone reflects the strength of the partnership between the EIB and Morocco. He stressed that these investments are not just financial figures—they are transforming lives, enhancing business competitiveness, and accelerating the shift toward a more sustainable economy.
Looking ahead to 2025, the EIB plans to continue its support for Morocco’s critical infrastructure projects, with a particular focus on SME financing, renewable energy, and sustainable transportation. Investments in green transition initiatives and modernization of the country’s water and electricity networks will also remain key priorities. With this momentum, the EIB reaffirms its commitment to helping Morocco build a more resilient and prosperous future.
