IFC strengthens its support for Morocco

The Moroccan Ministry of Economy, Finance and Administrative Reform and the International Finance Corporation (IFC) signed a memorandum of understanding on Wednesday, June 23 in Rabat, with the aim of consolidating their partnership and stimulating recovery economic. The agreement includes a commitment by the IFC to support the New Development Model (NMD), as well as its reform program to boost post-pandemic economic recovery.

IFC will also support the implementation of the Mohammed VI Investment Fund and the scaling up of high impact projects and potential investors. “The IFC will also support the implementation of the reform of public enterprises by helping to identify opportunities for private sector participation, particularly through public-private partnerships (PPP), and step up its support for the government program. aimed at strengthening advanced regionalization and essential infrastructure projects for citizens in the regions, ”notes a press release issued to this effect.

For the Director General of the IFC, Makhtar Diop, his institution is committed to supporting its reform program through this important agreement which will contribute to the development of a stronger and more competitive private sector and will promote a green, sustainable and equitable recovery …

IFC invested $ 251 million in FY2020 and plans to invest US $ 300 million in FY2021, according to Makhtar Diop.

In early June, the IFC granted the Moroccan private sector a loan of USD 450 million, intended to support the strengthening of human capital in the country in the long term.

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