Rabat – Morocco’s financial market watchdog, the Moroccan Capital Market Authority (AMMC), and Mohammed VI Polytechnic University (UM6P) signed a partnership agreement on Tuesday aiming to boost financial education in Morocco.
In a statement, the two institutions explained that the partnership’s primary objective is to strengthen ties between the two institutions in various areas, including financial education, research, training of finance professionals, financial innovation, and entrepreneurship.
The statement explains that UM6P and AMMC have jointly identified the areas of research, development, experimentation, and expertise in which they will engage in close collaboration.
The agreement covers several years and defines a framework for cooperation aimed at promoting financial education by designing awareness programs for investors, students, and the general public.
It is also set to encourage applied research on financial markets, regulation, and emerging trends. In addition, the agreement covers the development of training and skills development programs for students and finance professionals in addition to supporting financial innovation in collaboration with actors from the Fintech sector.
Under the agreement, the two institutions are set to work to facilitate the exchange of knowledge and expertise between AMMC and UM6P. The two entities are equally committed to organizing joint events to discuss challenges and opportunities related to the capital market.
UM6P’s President Hicham El Habti, welcomed the partnership, and expressed his convictions that the “collaboration will open up new perspectives for the advancement of financial research, the education of future generations of professionals, and innovation in service of the economic development of our country.”
For her part, AMMC’s President Nezha Hayat, said that the agreement “lays the groundwork for a strong and ambitious institutional partnership.”
According to Hayat, the partnership is “fueled by the shared desire to support actions that contribute to strengthening students’ knowledge in the financial domain and the skills of ecosystem actors.”
“The capital market is called upon, more than ever, to play a more significant role in contributing to the financing of the economy by bringing innovative solutions,” she added.
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