Creation of CGMP
In a context marked by the restriction of budgetary resources, the Public Procurement Guarantee Fund - CGMP- was created as a specialized financial institution. The first service provided by the CGMP is the loan guarantees launched in the same year.
Launch of receivables mobilization loans
Under the 2005 Finance Act and instruction no. 08 of the Ministry of Finance dated 19 March 2005, the Fund was empowered to grant cash credits in the form of the mobilization of debt loan in its favour.
Launch of advance credits on work and invoices
The Fund launched the credit called the advance on works debt or invoice to enable undertakings to benefit from the cash flow necessary for the performance of the public contracts entrusted to them from the outset of the claim.
Opening of the first regional branch
In order to get closer to its customers, the CGMP opened the first regional branch in the wilaya of CHLEF.
Opening of the southern regional office
With a view to widening its intervention for the guarantee of public equipment projects located in the South region, the CGMP has set up a South Regional Directorate installed at the wilaya of Ouargla.
Implementation of an integrated information system
The CGMP has a centralized and fully integrated information system that enables the collection, processing and production of real-time information on credit transactions and day-to-day management.
Launch of a electronic portal for customer
Launch of a electronic portal for customer