Morocco: Caisse Centrale de Garantie
In 2016, under the COP 21 Paris Agreement Morocco committed to boost efforts under the Nationally Determined Contributions (NDCs) to reduce its GHG emissions by 42% by 2030. Recognizing the key role of the financial sector, the main actors of the Moroccan financial system adopted also in 2016 a Roadmap for aligning the financial sector with sustainable development, committing among other things, to the implementation of “green” financial solutions.
Caisse Centrale de Garantie (CGC), a public sector finance institution, has integrated this into its 2017-2021 Development Plan, establishing a “green” co-financing facility (Green Invest) targeting SMEs and SSMEs investments in energy efficiency, small scale renewable energy, water savings and pollution reduction.
In the framework of bilateral financial cooperation between Morocco and Germany, MACS was commissioned a feasibility study for a credit line to refinance CCG’s Green Invest Facility.