Since Morocco became a member of IFC in 1962, the Corporation has committed over $400 million of its own funds in the country, for more than 30 different companies and financial institutions, and has arranged about $ 500 million in syndications. In fiscal year 2007, IFC committed one project totaling $20 million.
IFC’s strategy for Morocco focuses on:
- Strengthening financial institutions and improving lending to small and medium enterprises
- Increasing private participation in infrastructure
- Supporting select investments in key sectors such as tourism, infrastructure, power, agribusiness, and education
These areas are the prime focus of IFC’s business development activities and advisory services.
Given the growing availability of local and international sources of funding such as the European Investment Bank and French Agency for Development over the last decade, the demand for IFC’s services has shifted from classical projects to complex operations that are beyond the capacity of the local financial market or that require innovative financial instruments.
