12/10/2007
Speaking at the US-Africa Infrastructure Conference held Tuesday (October 9th) and Wednesday in Washington, Ambassador John J. Danilovich, Chief Executive Officer of the Millennium Challenge Corporation (MCC) hailed Morocco’s commitment to liberalising its economy. He called on investors to seize business opportunities in the country, in light of the positive performance of the Moroccan economy, characterised by transparency and good governance. Recently, the MCC approved $697.5m to support economic growth and reduce poverty in the country over a five-year period. The grant targets five major projects, including fruit-tree growing, small-scale fisheries, handicrafts and the medina in Fez, financial services and SME support, and is expected to increase Morocco's GDP by some $118m annually and directly benefit 600,000 families, MAP reported.