The Buzz Magazine
The Buzz Magazine

United States announces $ 5 billion investment in Morocco and region

United States announces $ 5 billion investment in Morocco and region
United States announces $ 5 billion investment in Morocco and region

The American International Development Finance Corporation (DFC) on Tuesday announced initiatives to mobilize $ 5 billion ($ MM) in investment in Morocco and the region.

This series of initiatives aims to increase US investment in Morocco and strengthen its role as the continent’s economic hub, DFC CEO and Prosper Africa executive chairman Adam Boehler said in a statement.

These initiatives include the opening of a Prosper Africa office based in Morocco.

Through the Prosper Africa initiative, the US government aims to support trade and investment projects worth $ 1 billion between the United States and Morocco, as well as countries in South Africa.

North over the next four years.

It is also the signing of a memorandum of understanding between the DFC and the government of Morocco detailing the efforts of the DFC to invest $ 3M over the next four years for projects in Morocco and in co-investments. with Moroccan partners for projects in sub-Saharan Africa.

In addition, the American Agency for International Development (USAID) intends to “designate Morocco as a regional hub for North Africa for its new continental trade and investment program Prosper Africa”.

In addition, it is the launch of a 2X MENA initiative for the realization of investment projects worth $ 1 billion to strengthen the economic empowerment of women in the Middle East and North Africa.

Next January, the Prosper Africa Secretariat will establish a regional office in Morocco, the initiative’s very first branch in North Africa. The new office in Morocco will draw on the expertise of 17 U.S.

government agencies and bring new resources, staff and focus to increase bilateral and trade and investment across North Africa, helping to support the economic development of the region.

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