SOAS Centre for Sustainable Finance co-organises acceleration dialogue on 'Scaling Up Green Investment in Morocco and the Global South'
Professor Ulrich Volz and Dr Yuen Lo discussed their proposals for strengthening domestic financial resource mobilisation in an event with the Moroccan development bank.
On 17 February 2025, the SOAS Centre for Sustainable Finance co-organised an Acceleration Dialogue in Rabat on “Scaling Up Green Investment in Morocco and the Global South” bringing together key stakeholders to advance climate finance mobilisation. The event was organised jointly with Morocco’s development bank Caisse de Dépôt et de Gestion (CDG), the German Federal Ministry for Economic Cooperation and Development (BMZ), the German Embassy in Morocco, the Imal Initiative for Climate and Development, and the NDC Partnership.
As part of Morocco’s new Strategy for the Development of Climate Finance, the dialogue focused on strengthening cooperation between national and international development finance institutions to mobilise domestic financial capital for climate and development objectives.
The event was opened by Khalid Safir, the Director General of CDG, and H.E. Robert Dölger, the Ambassador of Germany to Morocco. Professor Ulrich Volz, the director of the SOAS Centre for Sustainable Finance, delivered a speech framing the challenge and sketching out solutions for scaling up domestic financial resource mobilisation, building on a recently published study on Scaling Up Green Investment in the Global South: Strengthening Domestic Financial Resource Mobilisation and Attracting Patient International Capital. Dr Yuen Lo, Senior Fellow at the SOAS Centre for Sustainable Finance, delivered a presentation on digital solutions to mobilise savings and scale climate investments.
The event featured important perspectives from Morocco’s ministry of economics and finance, the central bank, and the capital market authority as well as representatives of Moroccan financial institutions and international financial institutions including the European Bank for Reconstruction and Development and the World Bank. Together, participants explored how national and international development finance institutions could scale up cooperation to mobilise domestic financial capital toward climate and development objectives, affirming the importance of international public finance and development assistance.
This event formed part of a series of acceleration dialogues initiated by German State Secretary Jochen Flasbarth and convened by BMZ in collaboration with the SOAS Centre for Sustainable Finance, development finance institutions and other partners. Previous acceleration dialogues were held in Kigali together with Development Bank of Rwanda in July 2024 and in Washington DC at the Annual Meetings of the International Monetary Fund (IMF) and the World Bank in collaboration with the International Development Finance Club in October 2024. Further acceleration dialogues are planned with the Colombian development bank in Bogota, at the IMF/World Bank Spring Meetings in Washington DC, and at the 4th International Conference on Financing for Development in Seville.
Header Image credit: Achraf Talha via Unsplash.
