EIB earmarks funds for infrastructure in Morrocco

The Mohammed VI Investment Fund (FM6I) and the European Investment Bank (EIB) have signed a significant agreement during the Africa Investment Forum in Marrakech, pledging a substantial financial package of 500 million euros. This agreement marks the initiation of a significant partnership and aims to catalyse economic development and innovation in Morocco.

The majority of the funds will be allocated to infrastructure projects, innovative financing mechanisms to support Moroccan enterprises, and strengthening FM6I’s activities in Private Equity and Venture Capital. This initiative may also involve guarantee instruments and technical assistance, leveraging advanced tools developed in collaboration with the European Commission.

This financial injection will add to FM6I’s existing capital of 15 billion dirhams, significantly enhancing its impact and fundraising goals. The partnership demonstrates Europe’s commitment to supporting sustainable investment and strengthening the private sector through the Mohammed VI Investment Fund. It aligns with the overarching goals of the European Union-Morocco partnership, emphasising a shared vision for economic prosperity and sustainable development in the region.

The collaboration underscores the European Investment Bank’s commitment to supporting the Mohammed VI Investment Fund’s mission to promote sustainable investment and strengthen the private sector.

Adrien de Bassompierre, the newly appointed president of the EIB representative in Morocco, emphasised Morocco’s importance as a gateway to the African continent and highlighted their collaboration with Moroccan economic players and financial institutions beyond the country’s borders, showcasing Morocco’s influence in favour of investment across the continent.

This partnership reflects a shared vision for economic resilience and sustainable development, aligning with the goals of the European Union-Morocco partnership.