The Mohammed VI Investment Fund and the International Finance Corporation (IFC) had signed a partnership agreement in Rabat to identify and finance sustainable infrastructure projects in Morocco.
Under the agreement, the fund and IFC will work with stakeholders to develop infrastructure public-private partnership (PPP) projects in Morocco's strategic sectors. Such projects are transformed into viable projects that meet environmental, social and governance standards in order to mobilize private capital and promote inclusiveness. Cooperation also includes IFC support for the creation of an infrastructure sub-fund of the Mohammed VI Investment Fund, open to Moroccan and international partners.
The Mohammed VI Investment Fund aims to attract national and international investors for sustainable infrastructure projects in Morocco. The fund is managed by the Government of Morocco. The initial capital of the fund is 15 billion dirhams, received from the state budget. The aim of the fund is to raise AED30 billion in private equity, eventually creating a comprehensive investment pool of AED120 billion (US$32.6 billion) to AED150 billion (US$40.8 billion).
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