Strengthening Bank Al-Magrhib capacity in the governance and regulation of the payments market in order to foster financial inclusion in Morocco

The grant opportunity titled "Strengthening Bank Al-Maghrib capacity in the governance and regulation of the payments market in order to foster financial inclusion in Morocco" is an Action Grant funded by the European Union, specifically under the Neighbourhood Programme. The total budget for this initiative is 1,000,000 EUR. This funding is aimed at enhancing the regulatory and governance capabilities of Bank Al-Maghrib, Morocco’s central bank, to improve financial inclusion in the country.

Eligible applicants for this grant primarily include government institutions, specifically central banks or similar regulatory bodies, with Bank Al-Maghrib identified as the intended beneficiary. The grant is structured as a single applicant model, though it involves collaboration with EU member states through a Twinning framework, which allows for the sharing of EU expertise.

The geographical eligibility for this grant is strictly Morocco, which is categorized under the EU’s Neighbourhood South region. The target sector is finance, focusing on regulatory frameworks for the payments market and financial inclusion initiatives.

The project is expected to be in the development or implementation stage, working on enhancing regulatory frameworks and institutional capacities. The call for proposals is currently open, with a deadline for submission set for June 24, 2025. Interested parties are encouraged to review detailed documents associated with this grant, including the "avis de publication," "fiche jumelage," and translation documents that provide more information on application procedures and requirements.

Overall, this grant represents a significant investment in Morocco's financial governance, aiming to foster a more inclusive financial environment through improved regulatory measures and collaborative efforts with EU partners.

The funding opportunity is titled "Strengthening Bank Al-Maghrib capacity in the governance and regulation of the payments market in order to foster financial inclusion in Morocco." The reference number is EuropeAid/184152/ID/ACT/MA. It is currently open for submission.

This is an Action Grant under the Neighbourhood Programme, specifically targeting Morocco. The total budget allocated for this opportunity is 1,000,000 EUR.

The publication date was 06/05/2025, and it was last updated on 06/05/2025. The deadline for submission is 24/06/2025.

The available documents include: avis de publication (dated 06 May 2025, in English), fiche jumelage (dated 06 May 2025, in English), and traduction en anglais (dated 06 May 2025, in English).

In summary, this Action Grant aims to bolster Bank Al-Maghrib's capabilities in governing and regulating the payments market within Morocco, with the overarching goal of promoting financial inclusion. The EU is providing 1,000,000 EUR to support this initiative. Interested parties should review the provided documents, including the publication notice and twinning fiche, all available in English, and submit their applications by June 24, 2025. The grant falls under the Neighbourhood Programme and is specifically targeted at projects within Morocco.

Eligible Applicant Types: The opportunity details do not explicitly state the eligible applicant types. However, given the nature of the action grant and the focus on strengthening Bank Al-Maghrib's capacity, eligible applicants could include public institutions, regulatory bodies, central banks, international organizations, or consortia with expertise in financial governance, payment systems, and financial inclusion. Further details would be available in the "avis de publication" and "fiche jumelage" documents.

Funding Type: The funding type is an Action Grant.

Consortium Requirement: The opportunity details do not explicitly state whether a single applicant or a consortium is required. The "fiche jumelage" document might provide more information on this. Given the complexity of the project, a consortium might be preferred.

Beneficiary Scope (Geographic Eligibility): The geographical zone for this program is Morocco. Therefore, the primary beneficiary is Bank Al-Maghrib in Morocco. While the applicant doesn't necessarily need to be Moroccan, the project's activities will be focused on Morocco.

Target Sector: The target sector is finance, specifically focusing on the governance and regulation of the payments market and fostering financial inclusion.

Mentioned Countries: Morocco is explicitly mentioned.

Project Stage: The project stage is likely focused on development and implementation, aiming to strengthen existing capacity within Bank Al-Maghrib. It is not basic research, but rather an applied project.

Funding Amount: The budget is 1,000,000 EUR.

Application Type: The application type is an open call for submission.

Nature of Support: The beneficiaries will receive money through the Action Grant.

Application Stages: The number of application stages is not explicitly stated in the provided text. The application process likely involves at least one stage of proposal submission and evaluation. Further details would be available in the "avis de publication" document.

Success Rates: The success rates are not mentioned in the provided text.

Co-funding Requirement: The co-funding requirement is not mentioned in the provided text.

Summary:

This opportunity is an Action Grant funded by the European Union, with a budget of 1,000,000 EUR. The grant aims to strengthen the capacity of Bank Al-Maghrib, the central bank of Morocco, in the governance and regulation of the payments market. The ultimate goal is to foster financial inclusion within Morocco. The call for proposals is open for submission, with a deadline of June 24, 2025. Interested parties should review the "avis de publication," "fiche jumelage," and "traduction en anglais" documents for detailed information on eligibility criteria, application procedures, and project requirements. The project is focused on development and implementation, rather than basic research. The grant is specifically targeted at the financial sector in Morocco, with a focus on improving payment systems and promoting financial inclusion. The application type is an open call, and the beneficiaries will receive monetary support through the Action Grant. The number of application stages, success rates, and co-funding requirements are not specified in the provided text and would need to be confirmed in the official documentation.