DFC Announces Initiatives to Expand U.S. Investment and Development in Morocco
Food & Health|June 2021
U.S. International Development Finance Corporation (DFC) Chief Executive Officer and Prosper Africa Executive Chairman Adam Boehler today announced a series of efforts to expand U.S. investment in Morocco and strengthen its role as an economic hub for the continent.
DFC Announces Initiatives to Expand U.S. Investment and Development in Morocco

In sum, these initiatives seek to mobilize $5 billion in investments in Morocco and across the region.

The announcements include:

The opening of a Prosper Africa office to be based in Morocco. Through the Prosper Africa initiative, the U.S. Government aims to support $1 billion in new two-way trade and investment deals between the United States and Morocco, as well as countries across North Africa, over the next four years. The signing of a memorandum of understanding (MOU) between DFC and the Government of Morocco detailing DFC's efforts to invest $3 billion over the next four years for projects in Morocco and in co-investments with Moroccan partners for projects in Sub-Saharan Africa.

The U.S. Agency for International Development's (USAID') intent to designate Morocco as the North Africa regional hub for its new continent-wide Prosper Africa trade and investment program. The launch of a 2X MENA initiative to catalyze $1 billion of investments in projects that advance women's economic empowerment in the Middle East and North Africa.

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