The Mohammed VI Fund for Investment and the International Finance Corp. (IFC) have signed a partnership to finance sustainable infrastructure projects in Morocco.
Announced by King Mohammed VI in July 2020, the Mohammed VI Fund for Investment was endowed with an initial capital of 15 billion dirhams ($1.5 billion) and aims to attract up to 30 billion dirhams ($3 billion). Under the agreement, the sovereign wealth fund and IFC will identify infrastructure projects with high impact in strategic sectors in Morocco. They will work closely with stakeholders to structure them into viable projects to mobilize private capital and stimulate growth, respecting ESG standards.
IFC, which has invested more than $200 million in sustainable infrastructure projects in Morocco in the past three years, is also backing the establishment of an infrastructure sub-fund of the Mohammed VI Fund, which will be open to Moroccan and international partners.
“This partnership with IFC mee
