Cultural diversity

Cultural policies and measures - Best practices

Financing cultural production: Is it the artist’s responsibility? 2006/05/19

This article, which mentions the numerous complaints of people who deal with the cultural Moroccan sector, emphasizes that poor cultural production is caused the lack of financing. It underlines that Moroccan artists, artisans and creators, do not lack of talent, when we talk about creativity, technical skills and professionalism.

According to Mustapha Bourakkadi who writes this article, financial institutions always resist to see any interest in investing in cultural production sectors, even if the International organization of la Francophonie created a Fonds de garantie pour le financement des industries culturelles (FGIC). This Fund intends to encourage, specially bankers, to support editors; newspaper owners; movie, theater, and music producers; as well as artisans; and to let them explain the risks associated to operations generated by these different cultural industry sectors. However, according to the Caisse centrale de garantie (CCG), who manages the project for Morocco, no project eligible for investment within the framework of creating a cultural enterprise that meets the requirements established by the Fund has been presented.

The author regrets that all these initiatives were not able to convince bankers to get involved in this dynamics that could be a long-lasting alternative, compared to the hazard of funding coming from business owners. He mentions several reasons concerning this issue: a lack of communication from bankers; the little interest from their part to invest in these sectors; the lack competence of cultural entrepreneurs regarding the creation of stable relations with financial institutions. Also, he recommends that a solution to increase funding from banks in the cultural industry sector in the Southern countries in general, and specifically in Morocco, is to sensitize and encourage the different economic agents, in order to open a space (too limited or non-existent today) to allow for the blooming of cultural projects. In this respect, he underlines, the banking system has a crucial role in the development of the cultural industry sectors.

This is the solution that participants found at one of the workshops of the Meeting on Cultural Diversity at the Québec Book Fair on April 16 and 17, 2004 on the theme Sustainable Development of Culture Industries in Developing Countries, (consult the March 20th issue of our Bulletin). The conclusions of this Meeting, which are still a current issue today, recommend that in order to contribute to the sustainable development of culture industries in developing countries, the Northern countries should: encourage States to establish policies fostering the creation of culture enterprises; set up measures that will stimulate entrepreneurship; open up Northern markets to culture productions of the Southern countries by creating reception structures within the disseminating networks of the North for all productions (shows, cinema, books, discs, arts and crafts).

  • Le Matin du Maroc
  • North-South Cooperation: Québec/Africa/OIF – Sustainable Development of Culture Industries in Developing Countries
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