The development of American investments in Morocco at the heart of a meeting of Mohcine Jazouli with the US International Development Financial Corporation
Mr. Mohcine Jazouli, Minister Delegate to the Head of Government, in charge of Investment, Convergence and Evaluation of Public Policies met today in Marrakech with a delegation from the US International Development Financial Corporation (DFC), chaired by Mr. Andrew Hescovitz, the Chief Development Officer.
The meeting was an opportunity to discuss the progress of the actions included in the Memorandum of Understanding signed in 2020 between DFC and the Kingdom of Morocco with the aim of promoting investment in Morocco while ensuring that initiatives in favor of the countries of the African continent. The two parties have also studied various avenues and opportunities for collaboration that will boost American investments in Moroccan territory.
At the end of this meeting, the partners identified promising prospects, particularly in terms of technical and financial support for private investment projects in Morocco and Africa.
Created in 2020, DFC is a new American institution in charge of financing development in the world. The agency consolidates the actions previously carried out by USAID and Overseas Private Investment Corporation (OPIC) with a commitment ceiling doubled to 60 billion dollars. It is dedicated to private sector financing and aims to make America a more competitive leader on the global development stage.
In addition, the American development bank wishes to strengthen its presence in Africa by diversifying its commitments towards priority sectors in the region.