Highlights

The Government Council adoption of the draft decree relating to the implementation of the provisions of the law establishing the "Mohammed VI Fund for Investment" : 04/02/2021

 The Government Council adoption of the draft decree relating to the implementation of the provisions of the law establishing the "Mohammed VI Fund for Investment"

The Government Council, met by videoconference Thursday February 4th, 2021 under the chairmanship of the head of government approved the draft decree n ° 2.21.67 relating to the implementation of the provisions of the law n ° 76.20 establishing the "Mohammed Fund VI for Investment ".

Presented by Mr. Mohamed Benchaaboun, Minister of Economy, Finance and Administration Reform, this decree includes organizational requirements for the application of the forementioned law. This involves setting the initial capital of the Fund at 15 billions DH and defining its statutes, which include the list of the first directors of the Board of Directors.

The Mohammed VI Investment Fund, created following the instructions of His Majesty the King may God assist Him, sets itself the objective of contributing to the financing of major investment projects and supporting them, at national and territorial levels, in within the framework of partnerships with the private sector, and to contribute, through sectoral or thematic funds, to the capital of small or medium-sized enterprises.

It will contribute directly to the capital of large companies, public and private, active in the areas that the Fund considers to be priorities, by setting up appropriate financial instruments such as advances, repayable loans as well as semi-autonomous funds. The fund will also be responsible for preparing and setting up structured financing mechanisms to find financing solutions for companies operating in areas that the Fund considers to be priorities.