Sustainable finance and green growth are priority areas of bilateral cooperation between the UK and Morocco. 

As a specialist development agency funded by UK aid, FSD Africa plays an essential part in delivering this agenda, working jointly with the British Embassy in Morocco to support and coordinate the delivery of capital markets development initiatives in the country. 

Building on growing partnerships with Morocco’s regulators, authorities and financial partners, FSD Africa has successfully developed its footprint in country over the last 18 months. FSD Africa has notably supported innovative interventions in Morocco. They include a US$95 million bond issuance by O ce National des Chemins de Fer (ONCF) and a scoping study, in conjunction with the Ministry of Economy and Finance, to develop a financing o er to Morocco’s green economy (c. US$ 700million). Those landmark interventions have attracted the attention of other market participants and led to increased interest in FSD Africa’s services.