Mr Salaheddine Mezouar, Minister of Economy and Finance chaired on Wednesday, July 15th, 2009, at the headquarters of his department, the ceremony of signature of agreements between on the one hand the State and the Central Guarantee Fund (CCG), and on the other hand between this institution and banks. These conventions ?aim is the implementation of the promotion of Moroccans Community Residing Abroad (MRE) named "MDM INVEST".
During this ceremony, Mr. Mezouar stressed the implementation of the fund "MDM INVEST" that fits within the framework of measures intended to strengthen and to perpetuate the economic and financial links of the (MRE) with the Mother country. These measures concern the encouragement of investment, the help to the acquisition and to the construction of accommodation, and the lowering of the costs of transfers of funds. Within this framework, he clarified that the Collection "MDM INVEST" whose management is confided to the CCG is opened to the MRE presenting a new project of investment or a project of extension of an amount superior or equal to one MMD promoted directly by a MRE. | 
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The financial plan of the projects combines a personal investment in currencies of 25 % of the project cost, a government aid of 10 % of the project cost, and a bank financing which can reach 65 % of the project cost. Mr. Mezouar reminded that besides the implementation of "MDM INVEST», other measures have been taken in favour of the MRE namely the extension of the fund guarantee ?Damane Assakane? to the MRE on the same conditions as the residents.
The Government shall guarantee to 50% loans intended for the acquisition or construction by the RME of accommodation including the cost which could reach 800.000 dirham , From June 1st, 2009, authorities reduced half of the committee of exchange applied in to transfers made by the MRE. Moreover, all the transactions with the outside and the new reduction of the aforementioned commission through the total abolition of the part returning to the State of this committee will take place on a horizon of two years.
He also clarified that measures were decided in association with banks referring to the decline of the costs of transfers and the decrease of commissions and expenses concerning the foreign-exchange transactions. Mr. Mezouar finally greeted the efforts granted by all the stakeholders to make succeed the implementation of the Fund "MDM INVEST" and wished to see this mechanism contributing quickly and appreciably to the intensification of the MRE investment in Morocco.