The Kingdom of Morocco and the United States of America signed, this Tuesday in Rabat, two cooperation agreements aimed at promoting investments in Morocco and Africa during the visit of the high-level American-Israeli delegation.
The first agreement, a memorandum of understanding between the Government of the Kingdom of Morocco and the United States International Development Finance Corporation (United States International Development Finance Corporation-DFC), was signed by Mohamed Benchaaboun, Minister of Economy, Finance and Administration Reform and Adam Boehler, CEO of the United States International Development Finance Corporation.
The MOU provides for the provision of financial and technical support to private investment projects, amounting to USD 3 billion, in Morocco and sub-Saharan African countries, in coordination with Moroccan partners.
The second agreement, signed by Mohcine Jazouli, Minister Delegate to the Minister of Foreign Affairs, African Cooperation and Moroccans Residing Abroad and Adam Boehler, is a Letter of Intent between the Government of the Kingdom of Morocco and the Government of the United States, represented by the American Corporation for International Development Finance concerning the American initiative “Prosper Africa”.
Through this letter of intent, the Moroccan Government expresses its support for the American Prosper Africa initiative. A branch of this agency will be opened at the US Embassy in Rabat to facilitate access to American investors and cooperate together towards Africa.