Millennium Challenge Corporation calls for investment in Morocco
2007-10-12
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.
Email to a friend
Print version
We welcome your comments on Magharebia's articles.
It is our hope that you will use this forum to interact with other readers across the Maghreb. In order to keep this experience interesting, we ask you to follow the rules outlined in the comments policy. By submitting comments, you are consenting to these rules. While Magharebia.com encourages discussion on all subjects, including sensitive ones, the comments posted are solely the views of those submitting them. Magharebia.com does not necessarily endorse or agree with the ideas, views, or opinions voiced in these comments. This is a moderated forum. Comments deemed abusive, offensive, or those containing profanity may not be published.
Magharebia's Comments Policy