The International Financial Corporation, member of the World Bank, announced on Tuesday financial support for Moroccan projects destined to enhance food security, access to finance, sustainable agriculture, and construction. The announcement was made during the WB-IMF annual meetings taking place in Marrakesh with the participation of 14,000 delegates including central bankers, ministers of finance and development, private sector executives, civil society, media and academics. The funding supports sustainable agriculture in Morocco, including in the region affected by the earthquake. The International Financial Corporation also announced a €10 million equity investment, in partnership with Mediterrania Capital, in Moroccan financial services provider CASHPLUS to foster financial inclusion in the country. “As we mark 60 years of partnership with Morocco, IFC is also fully committed to playing a pivotal role in the recovery and reconstruction efforts as the Kingdom rebuilds from last month’s earthquake”, he added.

Source: The North Africa Journal October 11, 2023 09:21 UTC