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Bank Al-Maghrib and EBRD Conclude Climate‑Risk Capacity Building Initiative for Moroccan Banks

Bank Al-Maghrib (BAM) and the European Bank for Reconstruction and Development (EBRD) wrapped up a two‑year capacity‑building programme aimed at improving Moroccan banks’ ability to manage climate‑related risks. Launched in 2022, the initiative delivered modules on risk assessment, transition finance and regulatory best practices, and highlighted the need for stronger governance, a unified taxonomy and continued international technical support. The BAM governor emphasised that climate risk management is now a prudential priority, urging banks to go beyond compliance, support clients in adapting their business models, and prepare for the 2030 national climate‑finance strategy.

May 14th, 2026
2 min read
By boursenews.ma

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Program Overview

Bank Al-Maghrib (BAM) and the European Bank for Reconstruction and Development (EBRD) officially wrapped up their joint capacity‑building programme for Moroccan banks on 14 May 2026 in Casablanca. Launched in 2022, the initiative delivered several modules on climate‑related risk assessment, transition finance and regulatory best practices.

Key Remarks from BAM Governor Abderrahim Bouazza

Governor Bouazza stressed that regulating climate risks is a cornerstone of any green‑finance strategy, but that capacity building and international cooperation are equally essential. “We operate in an environment that is increasingly unpredictable – marked by climate disruption, geopolitical tensions and regulatory volatility. As the central bank and supervisory authority, we must ensure that banks embed climate risk into their overall risk‑management framework,” he said.

  • Regulatory framework: The current rules require banks to progressively integrate climate risks into governance and risk‑management processes. BAM will continue to refine this framework based on experience and evolving best practices.
  • Economic implications: Ignoring climate‑related exposures could lead to substantial losses on climate‑sensitive assets, a risk that banks are now beginning to recognise.
  • Beyond compliance: Banks should also help clients understand climate risks and adjust their business models, prioritising the most exposed sectors.
  • Challenges: The absence of a unified taxonomy and sector‑specific regulations hampers the collection of reliable exposure data.
  • International support: Technical assistance from the World Bank, the European Investment Bank and the EBRD is being channeled into the development of a national regulatory roadmap, taxonomy and supervisory toolkit.

Next Steps

BAM urges banks to strengthen internal expertise so they can spot climate‑transition opportunities and embed risk considerations into credit decisions. The national climate‑finance strategy for 2030 will serve as a dialogue platform among ministries, regulators and market participants to drive decarbonised projects and harmonise climate reference frameworks.

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