On April 12, 2019, in the presence of H.E the French Ambassador to Morocco Mr. Jean-François Girault, the Fonds d’Equipement Communal (FEC) and the Agence Française de Développement (AFD) signed a grant agreement to support sustainable investments of Moroccan Territorial Communities. This grant, in the amount of 1 million euros, complements the technical and financial support program of 100 million euros carried out between AFD and the FEC in favor of the territorial transition of the Kingdom. More specifically, it will contribute to the development of an internal Environmental and Social (E&S) doctrine and the establishment of an E&S Management System, as the cornerstone of the FEC's internal skills building system intended to promote its access to Climate Finance. It will also aim to better support Moroccan communities in the planning, implementation and financing of their projects with climate co-benefits.
For Mr. Mihoub Mezouaghi, Director of AFD in Morocco, "Territorial Communities are on the front line to provide concrete responses to the challenges of the Kingdom's adaptation to the impacts of climate change and will be called upon to carry the majority of the investments necessary for the success of the energy and environmental transition. AFD, which is committed to ensuring that all its projects are 100% compatible with the Paris Agreement, thus supports territorial actors in the implementation of their enhanced skills within the framework of the Advanced Regionalization dynamic”.
For his part, Mr. Omar Lahlou, Governor General Manager of the FEC underlines that: " The FEC is driven by a strong ambition; that of supporting a solidarity and sustainable transition of territories and channeling competitive funding to Territorial Communities, particularly in the context of Climate finance. The signing of this agreement is a highlight that comes in the wake of the loan contract of 100 million euros signed between our 2 institutions on July 17, 2018, reflecting our common desire to consolidate our partnership and raise it to the level of a exceptional partnership."
A partnership between the Agence Française de Développement and the Fonds d’Equipement Communal to support sustainable investments by Moroccan Territorial Communities
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On April 12, 2019, in the presence of H.E the French Ambassador to Morocco Mr. Jean-François Girault, the Fonds d’Equipement Communal (FEC) and the Agence Française de Développement (AFD) signed a grant agreement to support sustainable investments of Moroccan Territorial Communities. This grant, in the amount of 1 million euros, complements the technical and financial support program of 100 million euros carried out between AFD and the FEC in favor of the territorial transition of the Kingdom. More specifically, it will contribute to the development of an internal Environmental and Social (E&S) doctrine and the establishment of an E&S Management System, as the cornerstone of the FEC's internal skills building system intended to promote its access to Climate Finance. It will also aim to better support Moroccan communities in the planning, implementation and financing of their projects with climate co-benefits.
For Mr. Mihoub Mezouaghi, Director of AFD in Morocco, "Territorial Communities are on the front line to provide concrete responses to the challenges of the Kingdom's adaptation to the impacts of climate change and will be called upon to carry the majority of the investments necessary for the success of the energy and environmental transition. AFD, which is committed to ensuring that all its projects are 100% compatible with the Paris Agreement, thus supports territorial actors in the implementation of their enhanced skills within the framework of the Advanced Regionalization dynamic”.
For his part, Mr. Omar Lahlou, Governor General Manager of the FEC underlines that: " The FEC is driven by a strong ambition; that of supporting a solidarity and sustainable transition of territories and channeling competitive funding to Territorial Communities, particularly in the context of Climate finance. The signing of this agreement is a highlight that comes in the wake of the loan contract of 100 million euros signed between our 2 institutions on July 17, 2018, reflecting our common desire to consolidate our partnership and raise it to the level of a exceptional partnership."
