The European Investment Bank and Crédit Agricole du Maroc signed, Wednesday, September 16, a financing agreement of 200 million euros to strengthen support for agricultural ecosystems.
This line of credit covers the financing of agricultural value chains, all productions combined, and affects the entire related ecosystem (production, storage, logistics, packaging, packaging, processing, marketing, etc.), indicates a press release. . “All food production segments, upstream and downstream (farms, agricultural cooperatives, Economic Interest Groups, Small and Medium Enterprises, Very Small Enterprises, etc.)”, explains the same source. It targets in particular productive investments that generate jobs and added value, in perfect accordance with the guidelines of “Green Generation 2020-2030”. The EIB will also mobilize additional resources through targeted technical assistance which will on the one hand support the digitization of this sector and the use of “big data” and, on the other hand, develop measures and actions in favor of of the environment.
The credit agreement was signed in the presence of the Minister of Agriculture, Maritime Fisheries, Rural Development and Water and Forests, Aziz Akhannouch, Emma Navarro, Vice-President of the EIB and Tariq Sijilmassi, President of the Board of CAM. In his opening remarks to the signing ceremony held by videoconference, Mr. Aziz Akhannouch welcomed the support provided by the EIB and the CAM to the strategic vision for the agricultural sector “Green Generation 2020-2030”. He also added that this approach is the first action to materialize the “Green Generation 2020-2030” strategy since its launch by HM King Mohammed VI last February. For her part, Emma Navarro indicated that “the private sector is a priority for the EIB. To this end, we attach particular importance to it and wish, through this partnership, to support small businesses and medium-sized businesses in a key sector for the Moroccan economy. For us, this is a strategic partnership with a major player for the financing of the bio-economy in Morocco. “And to conclude:” Faced with the challenges to be taken up in this critical period for all, we are very mobilized to support the economy of Morocco. “
Tariq Sijilmassi said for his part that this agreement represents a first step between CAM and the EIB in building a solid and lasting partnership for the benefit of the agricultural and rural world. “Through this agreement, we wish to further strengthen our support to the agricultural sector, which remains our Bank’s top priority, and, above all, to mobilize more resources to support the country’s new agricultural strategy” Green Generation 2020-2030. ” As such, this operation is part of a large-scale support and recovery program that CAM is preparing with the Ministry of Agriculture for farmers, agro-industries and the middle class in rural environment. This program will be disclosed at a later date, ”he announced.