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For six decades, IFC has been supporting the growth of the private sector in Morocco through investments and advisory services
Regional Director of IFC Sylla renewed the IFC’s commitment to expanding activities in Morocco, as well as assisting the country’s development goals.
Cheick Oumar Sylla, regional director for the International Finance Corporation (IFC) for North Africa and Horn of Africa emphasized the importance of cooperation with Morocco, describing it as a strategic country. He stated that the Kingdom was a true innovation laboratory for IFC, completing over 25 pioneering transactions, many of which have been replicated in other African countries and regions.
Sylla also discussed ongoing IFC-funded projects in Morocco, and reiterated its commitment to supporting the North African country in achieving its goals within the framework of the Kingdom’s new development model. For six decades, IFC has been supporting the growth of the private sector in Morocco through investments and advisory services, he added. He said the IFC is planning to develop projects by focusing on financing for local communities to reduce infrastructure disparities across Morocco.
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Other initiatives, meanwhile, will focus on public enterprises, taking into account the much-needed transition to ecological practices and decarbonization plans.
