Mr. Mohammed BOUSSAID, Minister of Economy and Finance, chaired the 31st
meeting of the Executive Board of Caisse Centrale de Garantie (CCG) on
July 28, 2017 in Rabat. This meeting was dedicated to the examination of
the activity during the period of 2013-2016, as well as to the setting
of the objectives and strategic orientations of CCG in the framework of
its new 2017-2021development plan.
Mr. BOUSSAID opened the meeting by reaffirming the State's commitment
to support Very Small, Small and Medium-Sized Enterprises and
innovative Startups considering their potential in creating wealth and
boosting the economy. He recalled in this context the implementation, by
CCG, of a number of measures to support this category of enterprises,
notably through the instruments of bank loans guarantees that cover the
different needs both in investment and operating, as well as joint
financing solutions between CCG and the banking sector. He also recalled
the importance of supporting seed financing of startups and innovation
through the launch of the "INNOV INVEST FUND”, destined to ensure a
continuum of financing for project holders from the stage of idea until
the growth.
Mr. BOUSSAID highlighted the important momentum of CCG during the
period between 2013-2016 due to the success of its development plan,
both in terms of its objectives achievements’ rates and the impact on
the institution and its environment.
He pointed that this performance is the result of a strong growth in
the activity destined to enterprises, and the permanent efforts to
reinforce access to social housing financing.
The Minister announced the launch of a new strategic development plan
for the 2017-2021 period, which will enable CCG to play a more
proactive role and anticipate the financing needs of VSMEs and startups.
On this occasion, he called on banks, economic operators and startups
to commit themselves and be mobilized more to take advantage of these
financing opportunities in order to consolidate the productivity and
competitiveness of the national economy.
Invited to present the items on the agenda, Mr. Hicham Zanati
Serghini, General Director of CCG, outlined the achievements of the
2013-2016 strategic Development Plan by highlighting the achieved
positive results. He noted that during this period, guaranteed and
co-financed loans as well as the number of financed VSMEs reached,
respectively, 39 billion DH and 18.000 VSMEs, doubling thus the
objectives initially set. As for the "Individuals" activity, it managed
to stay the course and reach the objectives set, that is, 22 billion
dirhams of guaranteed loans and 112,000 beneficiary households.
He also noted that concerning the qualitative achievements, CCG has
succeeded in strengthening its positioning in the Moroccan financial
landscape, developing its products offer and modernizing its processes,
steering and operational management tools.
Mr. SERGHINI then presented the strategic focus areas of the new
2017-2021 development plan, focusing in particular on the consolidation
and development of the current products offer as well as the
identification of new axes of development in order to encourage
financial inclusion and to facilitate VSMEs’ access to financing. This
plan also provides for the pursuit of the institution’s process of
modernization.
He also pointed out that the overall production expected by 2021 will
be driven by the good dynamics of the guarantee activity in favor of
VSMEs, which represent its main engine.
The Board of Directors, which welcomed these positive achievements,
subsequently approved the 2017-2021 development plan, its production
objectives and the budget for 2017.