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. 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. 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.

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

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 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.

Summary:

This opportunity is an Action Grant funded by the European Union, with a budget of €1,000,000. 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.