The Moroccan Attijariwafa Bank signed an agreement with International Finance Corporation (IFC) to expand business investment and international trade in the African continent on Monday.
During its participation in the Africa CEO Forum Awards from March 26-27 in Abidjan, Morocco’s leading bank group, Attijariwafa Bank, and the World Bank Group “International Finance Corporation ‘IFC)” signed a partnership accord with the aim of developing business and strengthening trade and exchange in sub-Saharan Africa and North Africa, including Morocco.
The agreement also seeks to empower small and medium-sized enterprises (SMEs) with limited financial assets and numbers of employees in Morocco and Africa by providing them with relevant training and funding resources.
General Manager of Attijariwafa Bank Boubker Jai said that Attijariwafa Bank and the IFC share the vision of building a strong private sector through economic growth, reported H24.
“We will fully benefit from the expertise of IFC in Africa and, in turn, we will deliver our innovative products and market knowledge in the continent,” he said.
IFC’s Vice President Sergio Pimenta emphasized that, while Africa currently has limited cross-trading and financial capabilities, it still has a strong potential for economic growth.
He commented on the agreement, stating that it will help “liberate the potential of the private sector in Africa by creating jobs to counter poverty and inequality.”
Headquartered in Washington D.C., the IFC is world’s leading financial institution that aims “to promote a sustainable private sector and mobilize capital from other investors for Africa’s future.”
Attijariwafa Bank is continuously celebrated as “Morocco’s Best Private Bank.” It is the leading institution in the banking and financial sector in Morocco.
-Morocco World News