Germany's state-owned development bank KfW has announced a €3 billion financing package for Morocco, with disbursements linked to the country's progress on key reforms. The agreement, signed on April 26, 2026, focuses on renewable energy, water management, and sustainable infrastructure.
The funds are part of a broader partnership between Morocco and Germany, aiming to support Morocco's green transition. KfW stated that the financing is indexed to reform milestones, ensuring that disbursements are tied to measurable achievements in policy implementation.
Moroccan officials welcomed the deal, highlighting its role in advancing the country's energy strategy, which targets 52% renewable energy capacity by 2030. The water management component addresses chronic drought challenges through improved irrigation and desalination projects.
This is the largest single KfW commitment to Morocco, reflecting strengthened bilateral ties. The bank has previously financed solar and wind projects in the country, including the Noor Ouarzazate solar complex.
