Morocco’s CDG, AFD Set to Strengthen Sustainable Development Cooperation

Morocco's Deposit and Management Fund (CDG) Director General, Khalid Safir, held in Paris on Tuesday a working session with CEO of French Development Agency (AFD), Rémy Rioux, on ways of strengthening bilateral cooperation in favor of sustainable development. In a statement to MAP following the meeting, Safir said that this session provided an opportunity to take stock of the CDG-AFD relationship and joint projects, as well as to explore new avenues for collaboration, mainly in the fields of sustainable development, climate transition and the financing of the social economy. Discussions also focused on supporting Morocco in its major infrastructure projects, particularly in the field of 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, Rioux stressed that cooperation between the two French and Moroccan institution s is "long-standing," noting that it is based primarily on "trust." "Today's meeting addressed sustainable finance, the greening of the economy, as well as the strengthening of the social and solidarity economy, with the aim of further increasing the social impact of public development banks' interventions," the French official told MAP. "We can work in this direction both bilaterally between France and Morocco and also within a multilateral framework," he added. Discussions also focused on the financing of sport, "a subject of great importance since Morocco will be hosting 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. Source: Agence Marocaine De Presse