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    Home»Financial News»Morocco-Germany Sign Three Financing Agreements Worth €450 Million
    Financial News

    Morocco-Germany Sign Three Financing Agreements Worth €450 Million

    abdelhosni@gmail.comBy abdelhosni@gmail.comDecember 18, 20253 Mins Read
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    Marrakech – Morocco and Germany strengthened their bilateral cooperation on Tuesday with the signing in Rabat of three major financing agreements worth €450 million.

    Budget Minister Fouzi Lekjaa and Daniela Beckmann, North Africa Director General of the German Development Bank (KfW), signed the agreements covering climate policies, social protection, and transportation infrastructure.

    The climate program received €100 million in funding for its second phase. The program supports Morocco’s climate resilience measures and transition toward a low-carbon economy.

    Social protection initiatives secured €150 million under the second phase of the program. The funding will consolidate Morocco’s social protection sector, focusing on direct social assistance and employment promotion through active programs targeting NEETs (Not in Education, Employment, or Training).

    The largest allocation of €200 million will finance the Casablanca-Settat region’s mobility and logistics platform through the National Railway Office (ONCF). The funds will modernize railway stations and develop rail infrastructure and services in the region.

    Speaking at the signing ceremony, Lekjaa noted the strength of Rabat-Berlin bilateral partnership based on shared development goals. He announced that these new agreements bring total financial contracts between the two countries to approximately €7 billion, supplemented by €500 million in technical assistance.

    The minister said these financings would “accompany Morocco’s ambitions regarding energy transition and the fight against climate change.” He recalled that “in 2025, the kingdom officially submitted its nationally determined contribution, thus affirming its resolute commitment in this direction.”

    The project will also enable “a comprehensive transformation of territorial development, facilitating access and installation in this major strategic region for the country’s economic development,” Lekjaa added.

    Read also: Germany–Morocco Economic Relations: Six Trends Shaping the Course

    Beckmann expressed “the pride of KfW to continue its support for Morocco in its sustainable and inclusive development projects.” She revealed that the Western European country is committed to doubling financing volumes in Morocco, with over €600 million allocated this year.

    The KfW official praised “the quality of collaboration between the teams of both parties” and stressed “the importance of joint work in the fields of sustainable mobility and regional development.”

    German Ambassador Robert Dölger described the signings as “the culmination of particularly constructive intergovernmental commitments, reflecting a shared vision in favor of sustainable, inclusive and resilient development.”

    From Germany’s point of view, he remarked, the objective is to further intensify cooperation and invest more in the private sector, particularly in the field of renewable energies.

    The ceremony concluded with officials reaffirming their shared commitment to continue strengthening partnership ties between the North African kingdom and the leading European economy within major development projects conducted under King Mohammed VI’s leadership.

    The Moroccan-German partnership, rooted in diplomatic ties since 1956, has evolved into a multidimensional strategic relationship encompassing political coordination, trade, development cooperation, and cultural exchange.

    Consolidated through an enhanced partnership agreed in 2022, bilateral ties now center on sustainable economic development, climate and energy transition, vocational training, and investment promotion.

    Germany ranks among Morocco’s key trading partners and leading development donors, supporting large-scale modernization projects through financing, technical cooperation, and private-sector engagement.

    This long-standing cooperation aligns closely with Morocco’s strategic economic emergence and its ambitions for regional stability and sustainable growth.

    Equipment and Water Minister Nizar Baraka, Energy Transition and Sustainable Development Minister Leila Benali, and Economic Inclusion Minister Younes Sekkouri attended the ceremony alongside officials from relevant national institutions.

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