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Increasing funding sources: FM6I and ADB sign a letter of intent

13/11/2023
Source : ORISHAS FINANCE
Categories: Sectors

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During the Market Days of the African Investment Forum (AIF), held from 8 to 10 November in Marrakech, the Mohammed VI Investment Fund (FM6I) and the African Development Bank (AfDB) signed a letter of intent.

Le partenariat signé entre le FM6I and the ADB will enable the two institutions to identify initiatives that could be jointly financed, as well as to explore other mechanisms for financing, such as risk sharing through guarantee products, says a joint statement. The Director General of FM6I, Mohamed Benchaâboun, welcomed this new partnership concluded with such a strong and credible institution in Africa, noting that the ADB is not only a long-standing partner of the Kingdom of Morocco, but also a real actor in the

emancipation of the continent.

According to the latter, “this partnership will contribute to encouraging the dynamics of private investment in Africa. Sealing this partnership on the sidelines of the Africa Investment Forum was a strong sign of the Fund's commitment to its African dimension.”

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