IFC to Invest $300 Million in Morocco’s Post-Pandemic Recovery

This intention was materialized by the signing of a memorandum of understanding between the IFC and the Moroccan Ministry of Economy and Finance. This agreement, which comes in support of the new development model underway in the kingdom, targets four areas to be supported over the next five years, according to a press release.

Announcing that it invested $251 million during fiscal year 2020, the IFC plans to support the implementation of the Mohammed VI Fund for Investment and help identify high-impact projects and potential investors. Support is also planned to support the implementation of the reform of public enterprises through the identification of opportunities for private sector participation, in particular through public-private partnerships. The IFC’s intervention will also be oriented towards the efforts of advanced regionalization and essential infrastructure projects for citizens in the regions.

To this end, the IFC says it has worked closely with the Moroccan government over the past 18 months to provide its coordinated support to Morocco’s reform program.