Rabat- The Director of the International Finance Corporation (IFC) in the Maghreb region, Xavier Reille, called Morocco one of the few countries in North Africa with a sound investment plan and “investment grade,” on Wednesday.
Speaking with Maghreb Arab Press (MAP) on the sidelines of the “Morocco, A Gateway to Africa” conference in New York, Reille said that Morocco is one of the “best-placed countries in the World Bank’s Doing Business report, and has a good investment framework, with a high-performance banking regulation.”
Reille discussed the performance of the Moroccan-based financial hub Casablanca Finance City (CFC), describing it as one of the “best” business markets in Africa in terms of attractiveness and foreign investment.
The African leading investment hub installed its headquarters in Morocco, “the crossroads of continents,” according to the official website of the international firm.
The March 2018 report of the Global Financial Centre Index ranked the firm 32nd worldwide and 1st in Africa. The financial hub provides its members with support to help them to enhance their business practices on the continent.
Commenting on the conference, Reille said that the event is “very important because it shows that Morocco is already a gateway to Africa.” He also emphasized the importance of such events, which help Morocco to highlight its financial assets and establish itself as a hotspot for institutional investors.
The New York meeting offered Morocco an opportunity to present its business plan and its latest developments to promote domestic investment opportunities.
The symposium organized three roundtables, featuring panels of CEOs from major Moroccan investment firms, under the themes of “Morocco at the Crossroads of Growth and Development,” “Morocco, A Regional Financial Hub,” and “Green Finance.”