MAP - 'Mohammed VI Investment Fund', Real Catalyst (AfDB Representative)

STATUTES

GENERAL ASSEMBLY

SECRETARY GENERAL

CONTACTS

MedNEWS

HOME

	Lusa - Business News - Portugal: Namibia bus accident that killed two nationals also injured 16 others Lisbon, April 25, 2024 (Lusa) - The accident in Namibia on Wednesday involving buses carrying tourists that killed two Portuguese women caused injuries to 16...
	CNA - رئيسة مجلس النواب تدين جريمة الإبادة الجماعية ضد الشعب الأرمني قالت رئيسة مجلس النواب أنيتا ديميتريو مساء الأربعاء، إن مجلس النواب يدين بشكل لا لبس فيه الجريمة النكراء التي ارتكبت ضد الشعب الأرمني. أشارت ديمتريو في كلمتها بمناسبة الذكرى الـ 109 للإبادة الجماعية الأرمنية التي أقيمت في الكنيسة الأرمنية في نيقوسيا، إن الإبادة الجماعية للأرمن هي...
	CNA - President says tackling energy is biggest goal for competitive economy The number one problem which Cyprus is facing in relation to is future is to address the challenges arising from energy,in relation to the great...
	CNA - سيغريد كاغ: الممر البحري القبرصي يوفر مساعدات إضافية لغزة قالت سيغريد كاغ منسقة الشؤون الإنسانية وإعادة الإعمار في غزة، إن الممر البحري القبرصي يوفر مساعدات إنسانية إضافية لغزة، لكنه لا يمكن أن يكون بديلا عن الممر البري. قالت كاغ إنها ناقشت في الأشهر القليلة الماضية بشكل مفصل مع حكومات إسرائيل والأردن ومصر وقبرص مقترحات لتسريع...
	Lusa - Business News - Portugal: Top newspaper headlines in Thursday, 25 April Lisbon, April.25,2024(Lusa)- On the 50th anniversary of the 1974 Carnation Revolution in Portugal, almost everything else has been pushed off the front pages on Thursday....

MAP - 'Mohammed VI Investment Fund', Real Catalyst (AfDB Representative)

Casablanca-October 21,2020- (MAP) -The "Mohammed VI Investment Fund" is a real catalyst to give new impetus to the investment dynamic in the Kingdom, underlined resident representative of the African Development Bank (AfDB) in Morocco, Leila Farah Mokaddem.

"In this exceptional context, we welcome the decision of HM the King to create the Mohammed VI Investment Fund, which is tasked with financing the economic recovery plan. This fund is a real catalyst," Mokaddem told MAP.

The said fund will give new impetus to the investment dynamic by supporting, in particular, strategic business sectors and backing structuring projects, within the framework of public-private partnerships, she added.

"This is the whole point of our action. Our operations in Morocco therefore fit perfectly into this vision and logic of intervention which prioritize investment and promote industrialization with high value added, with the aim of ensuring decent jobs," she added.

Mokaddem noted that, currently, the AfDB is implementing 35 operations representing 3.7 billion dollars, noting that these commitments are distributed among various sectors (health, energy, transport, water and sanitation, human development, Agriculture, etc.).

For the Bank, the Kingdom is a true strategic partner, she said. "In more than fifty years of presence, we have had nearly 170 operations which have mobilized more than 10 billion dollars".

This partnership is bearing its fruit, said Mokaddem, noting that between 2008 and 2018, 3.5 million people had access to drinking water and sanitation and 8.5 million people, including more than four million women, benefited from better health services.

In the strategic energy sector, nearly seven million people were connected to the electricity grid, while 16 million people were able to have better access to transport infrastructure.

Agency : MAP
Date : 2020-10-22 09:48:00

Back