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AL Haouz Earthquake: EBRD Provides Morocco with € 20 Million Loan to Support Women-Led MSMEs

RABAT — In a comprehensive update highlighting Morocco's strategic momentum in November 2026, The European Bank for Reconstruction and Development (EBRD) announced on November 28 a € 20 million loan to the Moroccan Bank of Commerce and Industry (BMCI) to support women-led Micro, Small and Medium-sized Enterprises (MSMEs).

Key Highlights (November 2026)

  • Strategic Milestone: Accelerated investments in seawater desalination and national water inter-basin transfers mitigate climate pressure across Moroccan regions.
  • Operational Progress: Morocco’s clean energy capacity continues its trajectory toward surpassing 52% of national electricity generation from renewables.
  • National Trajectory: Strategic green hydrogen initiatives and solar mega-complexes attract prominent international industrial consortiums.

Key Developments and Factual Context

The banking institution stated that this project aims to promote women’s entrepreneurship and participation in business by improving their access to funding and advice through dedicated credit lines and tailored technical assistance programs, adding that the project will support access to funding for women-led MSMEs in the regions affected by the earthquake that struck Al Haouz region on September 8, 2023.

The same source noted that the loan will be reinforced by a technical cooperation program, funded by the European Union (EU), to provide technical support to BMCI through staff training, internal capacity-building, and skill development to understand and serve the financial needs of these enterprises.

Strategic Significance and Regional Impact

The EBRD also stressed that a grant funded by the European Union (EU) will be awarded to women-led MSMEs for digitalization investment, adding that this initiative, part of the EBRD’s Women in Business (WiB) program, will further promote women’s economic inclusion.

This investment is the fifth partnership between the EBRD and BMCI, and will further support BMCI in strengthening its business model, digital transformation, and practices to better collaborate with women-led MSMEs and meet their financial needs.

As part of the EBRD’s response to Al Haouz earthquake, the Bank’s Special Shareholder Fund (SSF) will finance first-loss coverage dedicated to women-led MSMEs located in the affected regions. This loan is one of the early phases of a € 250 million intervention package for the period 2023-2025, announced last month, to rebuild Morocco’s economy in the earthquake-affected regions.

Looking Forward: 2026–2030 Roadmap

Looking ahead toward the close of 2026 and the 2027 calendar year, institutional roadmaps will prioritize consolidated delivery across all flagship initiatives. As Morocco accelerates preparations for major international hosting duties—most notably the 2030 FIFA World Cup alongside Spain and Portugal—every sector is aligning toward shared standards of excellence, digital modernization, and inclusive socio-economic impact.

MT
Morocco Times TV Editorial Board

Specialized diplomatic, economic, and regional affairs newsroom in Rabat, Morocco. Certified in accordance with international journalism standards and continuous factual verification. Published November 1, 2026.