Moroccan banks' group guarantee anti-pollution fund

The Moroccan Central Guarantee Fund "CCG" and the banks' group "GPBM" signed in Rabat Monday a convention under which the CCG will help enterprises set forth anti-pollution systems through a profitable financing.

The convention defines conditions and modalities for the use of the industrial de-pollution usd 10 million-worth fund, created by the German Development Bank "KFW." The CCG will help Moroccan industrial firms to equip their production units with anti-pollution systems.

The fund will help polluting firms to finance programs, worth up to three million dollars, to process or eliminate liquid and solid and gas emissions.