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
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.