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Rabat – The Deposit and Management Fund (CDG), a Moroccan state-owned financial institution and the German Development Bank (KfW) have signed a memorandum of understanding seeking to boost bilateral collaboration while driving strategic initiatives.
The agreement, formalized in a strategic dialogue session in Frankfurt, sets a framework for joint efforts to address mutual priorities and advance sustainable development projects, emphasizing innovation and long-term impact.
Khalid Safir, Director-General of CDG, and Stefan Wintels, Director-General of KfW signed the agreement, which outlines the guiding principles and collaboration framework between CDG and KfW.
It also reflects the roadmap for their exchanges in the months ahead, according to a joint statement by CDG and KfW.
The statement further stressed the importance of the latest CDG-KfW dialogue, which focused on issues of mutual strategic interest, adding that the talks aim to strengthen the “unique relationship” between the two institutions and to enhance the dynamics of their bilateral cooperation, placing it within a more ambitious framework.
KfW has long supported Morocco with loans aimed at contributing to reducing energy imports and promoting climate-friendly technologies.
Morocco’s energy goals position the country as a regional leader in renewable energy.
Often describing Morocco as a pioneer in energy transition, KfW’s efforts align with its broader mission to reduce greenhouse gas emissions and combat climate change, similar to its initiatives in Egypt and Tunisia.
