2024-05-28 23:39:08
Marrakech: signature of a mandate letter between the FM6I and the EIB regarding financing of €500 million
Marrakech – The Mohammed VI Fund for Funding (FM6I) and the European Funding Financial institution (EIB) have signed a mandate letter regarding a financing envelope of 500 million euros (M€) in favor of the Fund.
Signed on the sidelines of the Africa Funding Discussion board (AIF) held in Marrakech, this mandate letter paves the way in which for a strategic partnership between the 2 establishments, signifies the Fund in a press launch.
This envelope can be primarily allotted to the financing of infrastructure tasks, the deployment of progressive financing devices in favor of Moroccan corporations, in addition to the assist of Fund of Funds exercise in Non-public Fairness and Enterprise Capital, specifies the identical supply.
It may be accompanied by assure devices and assist by way of technical help by way of the mobilization of progressive instruments presently being structured with the European Fee.
This financing can be added to the fund’s sources presently made up of 15 billion dirhams (MMDH) from its preliminary capital and would make it attainable to additional strengthen its motion and partially fulfill its fundraising goal by leveraging its fairness.
This partnership demonstrates Europe’s sturdy need to assist the initiatives of the Mohammed VI Funding Fund in its mission to advertise sustainable funding and strengthen the non-public sector according to the aims of the partnership between the Union European and Morocco.
2024-05-28 23:39:08