Both institutions are satisfied with the agreement to develop strong partnerships across the Mediterranean.
The agreement seeks to promote sustainable cooperation and investment opportunities between firms in Spain, Morocco, and throughout Africa.
CFC said in a statement that the deal will also “encourage and promote green finance and sustainable infrastructure.”
The two parties are also aiming for the deal to promote the “sharing of knowledge and expertise” to develop “effective cooperation through the establishment of professional training programs and research activities
The CFC now has 13 partnerships with some of the largest financial centers in Europe, Asia, and North America.
“We are very pleased to sign this agreement with [BCFE] to consolidate our cooperation with Spain, which is Morocco’s largest trading partner,” said CFC CEO Said Ibrahimi.
He added that the partnership will enable the CFC to “explore new opportunities for cooperation between our two countries, and more broadly in Africa, whose attractiveness for investors is growing strong.”
Luis Herrera, the president of BCFE, emphasized the importance of the agreement.
“Our aim is to develop a strong and lasting partnership relationship that will provide businesses and economic operators on both sides of the Mediterranean, a solid basis for strengthening trade relations between Spain, Morocco, and African countries.”