Morocco: TAMWILCOM Unveils Ambitious Roadmap for Green SME Financing

Rabat, October 18, 2024 – TAMWILCOM, a key player in Morocco’s SME financing ecosystem, has taken a bold step towards green finance by adopting a strategic roadmap for 2024-2030. Approved during the institution’s Board of Directors meeting in September, this initiative aligns with the Moroccan State’s broader vision for sustainable development and climate finance, spearheaded by the Ministry of Economy and Finance.

The roadmap, which aims to facilitate the greening of TAMWILCOM’s financial services, will roll out in progressive stages, ensuring the financial sector adapts effectively to the demands of the emerging green economy.

Enhancing Financial Support for Green Projects

The first phase of the initiative will introduce significant upgrades to TAMWILCOM’s existing products. Notably, the “Damane Istitmar” product, designed to guarantee medium- and long-term investment credits, has seen its guarantee ceilings increased to 20 million Moroccan dirhams (DH) per operation and 40 million DH per company for those operating in the green economy.

In parallel, improvements to the “Green Invest” offering are also underway to meet the surging demand for sustainable investments. To bolster this transformation, TAMWILCOM has implemented a new system to collect data on the environmental impact of funded projects. This mechanism initially targets pilot sectors and financing exceeding 20 million DH.

Expanding Greening Initiatives Across Sectors

The roadmap’s second phase envisions expanding the greening process to additional sectors. TAMWILCOM will incentivize low-environmental-impact projects by prioritizing them for financial guarantees. The institution also plans to extend its environmental data collection system to all industries and to financing exceeding 10 million DH.

Driving Morocco’s Sustainable Development Goals

TAMWILCOM’s commitment to green finance reflects Morocco’s national strategy for sustainable development. By enabling SMEs to access green financial products, the initiative not only supports environmental conservation but also bolsters Morocco’s economic resilience in a rapidly changing global market.

This long-term vision reinforces TAMWILCOM’s position as a pivotal force in transitioning the Moroccan economy towards sustainability, ensuring SMEs remain integral to the country’s climate-smart future.As TAMWILCOM embarks on this transformative journey, the financial institution is set to play a crucial role in shaping the green economy, setting benchmarks for other markets to follow.

TAMWILCOM is a public limited company owned by the Moroccan state, it capitalizes on its historical achievements as a Central Guarantee Fund (CCG) to better contribute to removing obstacles to access to financing for SMEs. It represents the sole State player in matters of public guarantee of financing.In parallel with its guarantee activity, TAMWILCOM works with its partners in the financial sector to meet the needs of Moroccan companies, thanks to a range of financing mechanisms adapted to each stage of their life cycle. This generates a leverage effect capable of supporting the growth of the national economy.