Bank Al-Maghrib (BAM) and the International Finance Corporation (IFC) signed a partnership deal on Wednesday,June 18,in Rabat,meant to achieve two key objectives: improving the resilience of agricultural operations and fostering inclusive and sustainable growth.
According to a joint press release,this partnership reflects the shared ambition of both institutions to promote an innovative financing model tailored to the financial needs of smallholder farmers and agricultural value chains.
The agreement supports Morocco’s agricultural financial inclusion goals and its food security program through 2030. The common goal of this partnership is twofold: on the one hand,to strengthen the resilience of farming operations,and on the other,to promote inclusive and sustainable economic growth.
The scope of this partnership includes the development of agricultural technology (AgTech) in Morocco. This rapidly growing sector helps modernize farming practices through the use of advanced technologies.
“The combination of resources,experience,and expertise will allow farmers to access personalized financial services,supported by AgTech solutions that integrate technical advice,value chain relationship management,and financial inclusion,” the institutions stated.
The agreement also focuses on mobilizing and supporting financial ecosystem stakeholders,developing new approaches to better use agricultural sector data,and raising farmers’ awareness of available financing options—ensuring they have the necessary tools to make the right decisions.
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