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United States : DFC CEO visits Morocco to explore private investment opportunities

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Adam Boehler, CEO of the U.S. International Development Finance Corporation, traveled to Morocco to explore opportunities for private sector investment and possibilities to boost economic growth. «This visit promotes the new initiatives announced in December and which will mobilize $ 5 billion in investments in Morocco and North Africa», reads a statement by the United States Embassy in Morocco.

«I am happy to be back in Morocco, to explore investments that can increase economic opportunities, particularly the economic empowerment of women, in the country and throughout North Africa», said Adam Boehler. «We appreciate our strong partnership with Morocco and look forward to continuing our collaboration», he added.

The same source added that U.S. Goodwill Ambassador for Global Women's Issues Kelley Currie, as well as Senior Vice President of Strategic Initiatives and CEO of the 2X Women's Initiative at DFC, have joined Adam Boehler on this trip, where they chaired a roundtable on women's economic empowerment and discussed the recently announced 2X MENA initiative.

«DFC also announced that it is working with the Small Business Assistance Fund (SEAF) to create a fund of $ 100 million, of which $ 50 million will potentially be provided by DFC», it added.

It will also be a «leading SME-focused effort and will advance the $ 3 billion Memorandum of Understanding (MOU) signed by DFC with Morocco and the new regional office Prosper Africa, which will be based in Rabat». This initiative will build on previous work by the United States Agency for International Development (USAID), the statement concludes.

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