CDG and AFD explore avenues of cooperation in favor of sustainable development

CDG and AFD explore avenues of cooperation in favor of sustainable development
CDG and AFD explore avenues of cooperation in favor of sustainable development

Tuesday, July 2, 2024 at 6:57 p.m.

Paris – The Director General of the Caisse de Dépôt et de Gestion (CDG), Khalid Safir, had a working session in Paris on Tuesday with the Director General of the French Development Agency (AFD), Rémy Rioux, focusing on ways to strengthen bilateral cooperation in favor of sustainable development.

In a statement to MAP following this meeting, Mr. Safir indicated that this meeting was an opportunity to take stock of the CDG-AFD relationship and joint projects, but also to explore new avenues of collaboration, mainly in the areas of sustainable development, climate transition, as well as financing the social and solidarity economy.

The discussions also focused on supporting Morocco in its major infrastructure projects, particularly in sports, he continued, noting that the CDG-AFD relationship is “multifaceted”.

This cooperation, he explained, extends both to projects in Morocco and to multilateral projects, “since we are both members of international bodies.”

For his part, Mr. Rioux stressed that cooperation between the two French and Moroccan institutions is “long-standing”, noting that it is mainly based on “trust”.

“Today’s meeting addressed sustainable finance, greening the economy, as well as strengthening the social and solidarity economy, with the aim of further increasing the social impact of the interventions of public development banks,” the French official told MAP.

“We can work in this direction both bilaterally between France and Morocco and also in a multilateral framework,” he continued.

The discussions also focused on the financing of sport, “a subject of great importance since Morocco will host the 2030 World Cup,” he said, adding that this event will be an “exemplary” opportunity to put sport at the service of sustainable development goals.

Mr. Rioux also expressed his great interest in “the vision and the role that the CDG will play in this great success that will be the 2030 World Cup”.

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