The Municipal Equipment Fund (FEC) and the Caisse de Dépôt et de Gestion (CDG) have agreed to increase the amount of co-financing of local authority development projects, provided for in the framework of their strategic partnership, from 8 to 13 billion dirhams (MMDH) in order to support the dynamics of investment and growth in the Regions.
The envelope will be used in particular for the financing of major climate adaptation projects which are distinguished by the importance of their investment volumes and which are part of the policy of major infrastructure projects, indicated a joint press release from FEC and CDG.
Within the framework of these projects, the two institutions will form a consortium in order to structure and submit a joint financing offer in which the FEC is responsible for coordinating the operation by virtue of its role as leader and the CDG acts as co-arranger and co-credit officer.
This new stage is also an opportunity for the two institutions to renew their commitment to the dynamics of territorial development and to bring it an additional dimension in support of the challenges of sustainable development and adaptation and mitigation of the effects of climate change. climatic.
And to recall that the FEC and the CDG had concluded, in 2021, a strategic partnership articulated around three complementary components which relate to the co-financing, by the two institutions, of territorial development projects, the refinancing of the FEC by the CDG , as well as the sharing of their respective expertise with the Territorial Communities to best meet their needs.
Entering into force during the first quarter of 2022, this partnership initially related to the mobilization of an overall envelope of 8 billion dirhams, with the prospect of increasing the volumes of financing according to the intensification of the needs of the Territorial Communities.