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Co-financing constitutes a strategic lever to stimulate investment, strengthen action, and accelerate the implementation of development priorities, said Minister of Economy and Finance, Nadia Fettah on Wednesday in Casablanca.
In a pre-recorded video address at the opening of the forum “The Power of Co-financing,” Fettah stressed that co-financing is no longer merely a technical option but a political choice that prioritizes cooperation, impact and co-construction of projects.
Morocco considers this mechanism as a key driver of investment, public action, and the acceleration of priority projects, particularly in the areas of energy, mobility, social protection, employment, and resilience, she said, citing the Noor Ouarzazate and Casablanca Mobility Hub projects as examples of successful partnerships structured around co-financing.
In the same vein, World Bank Group Chief Financial Officer Anshula Kant highlighted that the momentum around co-financing has made significant progress in recent years, while underscoring the significant infrastructure financing needs in emerging markets.
She stressed that no single government or institution can unilaterally meet these needs, hence the need for broader mobilization based on structured partnerships.
She emphasized the role of co-financing as a key lever for accelerating the implementation of high-impact projects that promote development.
For his part, the Director General of the French Development Agency (AFD), Rémy Rioux, explained that co-financing is at the heart of a “partnership by design” approach rather than a “partnership by accident” approach, recalling that this strategic orientation was adopted by the AFD in the wake of the multilateral momentum of 2015 marked by the Sustainable Development Goals and the Paris Agreement.
Rioux further pointed out that Morocco is the AFD Group’s largest client worldwide and that holding this discussion on co-financing in Casablanca is both legitimate and promising, considering that the Kingdom’s voice is particularly important in the current debate on international cooperation and development financing, based on support for multilateral banks and partnership platforms.
Source: map
