The “Mohammed VI Investment Fund” is a real catalyst to give new impetus to investment dynamics in the Kingdom, stressed the resident representative of the African Development Bank (AfDB) in Morocco, Leila Farah Mokaddem.

“In this exceptional context, we welcome the decision of His Majesty the King to create the Mohammed VI Investment Fund, whose role is to finance the economic recovery plan. This fund is a real catalyst,” Ms. Mokaddem said in an interview with MAP

This fund will help to give new impetus to investment dynamics, in particular by supporting strategic business sectors and by supporting structural projects, within the framework of public-private partnerships (PPPs), she added.

And to continue: “That is the whole point of our action. Our operations in Morocco therefore fit perfectly into this vision and logic of intervention, which prioritizes investment and promotes industrialization with high added value, with the aim of ensuring decent jobs

In this regard, Ms. Mokaddem specified that currently, the ADB is implementing 35 operations representing 3.7 billion dollars ($1 billion), noting that these commitments are distributed in various sectors (Health, Energy, Transport, Water and Sanitation, Human Development, Agriculture, etc.).

For the Bank, the Kingdom is a true strategic partner, she welcomed. “In more than fifty years of presence, we have had nearly 170 operations that have mobilized more than $10 billion.

This partnership is bearing fruit, Ms. Mokaddem said, 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 have been connected to the electricity grid, while 16 million people have had better access to transport infrastructure.