DFC to expand U.S. Investment in Morocco

Boehler: "Morocco’s leadership on the continent combined with its vibrant and growing economy make the country an ideal base for Prosper African as well as create opportunities for DFC investment."

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Adam Boehler, the United States International Development Finance Corporation (DFC) CEO, announced today, December 22, a series of efforts meant to expand U.S. investment in the Moroccan Kingdom.

The $ 5 billion investments, says the announcement, include the opening of a Prosper Africa office in Morocco, through which the U.S. government aims to support $ 1 billion in new two-way trade and investment deal between the two countries. In addition to the signing of a memorandum of understanding between DFC and the Moroccan government to invest $ 3 billion in the upcoming four years, the U.S. agency for International development (USAID) intends to designate Morocco as the North Africa regional hub for its Prosper Africa program.

Boehler also talked about the launch of a 2X MENA initiative of a $ 1 billion to invest in projects that empower women in the Middle East and North Africa.

“Morocco’s leadership on the continent combined with its vibrant and growing economy make the country an ideal base for Prosper African as well as create opportunities for DFC investment.” Said Adam Boehler

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