FM6I/EIB: Agreement for financing of €500 million

Media7 November 9, 2023

FM6I/BEI: Accord portant sur un financement de 500 M€

November 9, 20238

MDJS NT7ARKO

The Mohammed VI Fund for Investment (FM6I) and the European Investment Bank (EIB) have signed a mandate letter relating to a financing envelope of 500 million euros (M€) in favor of the Fund.

Signed on the sidelines of the Africa Investment Forum (AIF) held in Marrakech, this mandate letter paves the way for a strategic partnership between the two institutions, indicates the Fund in a press release.

This envelope would be primarily allocated to the financing of infrastructure projects, the deployment of innovative financing instruments in favor of Moroccan companies, as well as the support of Fund of Funds activity in Private Equity and Venture Capital, specifies the same source.

It could also be accompanied by guarantee instruments and support in terms of technical assistance through the mobilization of innovative tools currently being structured with the European Commission.

This financing would be added to the fund’s resources currently made up of 15 billion dirhams (MMDH) from its initial capital and would make it possible to further strengthen its action and partially fulfill its fundraising objective by leveraging its equity.

This partnership demonstrates Europe’s strong desire to support the initiatives of the Mohammed VI Investment Fund in its mission to promote sustainable investment and strengthen the private sector in line with the objectives of the partnership between the Union European and Morocco.