Identifier
Created
Classification
Origin
07RABAT177
2007-02-01 10:35:00
UNCLASSIFIED
Embassy Rabat
Cable title:
OPIC-SUPPORTED INVESTMENT FUND IN THE REGION
how-toVZCZCXYZ0003 RR RUEHWEB DE RUEHRB #0177 0321035 ZNR UUUUU ZZH R 011035Z FEB 07 FM AMEMBASSY RABAT TO RUEHC/SECSTATE WASHDC 5729 INFO RUEHAS/AMEMBASSY ALGIERS 4297 RUEHAM/AMEMBASSY AMMAN 0560 RUEHLB/AMEMBASSY BEIRUT 0460 RUEHEG/AMEMBASSY CAIRO 1961
UNCLAS RABAT 000177
SIPDIS
SIPDIS
DEPT PASS OPIC FOR BRERETON
E.O. 12958: N/A
TAGS: EINV LE JO AL MO EG
SUBJECT: OPIC-SUPPORTED INVESTMENT FUND IN THE REGION
REF: STATE 7796
UNCLAS RABAT 000177
SIPDIS
SIPDIS
DEPT PASS OPIC FOR BRERETON
E.O. 12958: N/A
TAGS: EINV LE JO AL MO EG
SUBJECT: OPIC-SUPPORTED INVESTMENT FUND IN THE REGION
REF: STATE 7796
1. (U) Post appreciates the opportunity to comment on OPIC's
proposed support for the Euro MENA fund. There is increasing
activity in the venture capital field in Morocco, and indeed
the Financial Services Volunteer Corps (FSVC) is helping a
Moroccan partner organize a roundtable on the subject in
March to discuss draft Moroccan legislation to regulate the
sector.
2. (U) Post believes the proposed fund is compatible with
Morocco's economic program and would bring valuable
competition to the market in its proposed transaction range.
While some funding is available, there have not been that
many investments of this size or type. We stand ready extend
any appropriate assistance to fund managers as they
inaugurate their activities here.
******************************************
Visit Embassy Rabat's Classified Website;
http://www.state.sgov.gov/p/nea/rabat
******************************************
Riley
SIPDIS
SIPDIS
DEPT PASS OPIC FOR BRERETON
E.O. 12958: N/A
TAGS: EINV LE JO AL MO EG
SUBJECT: OPIC-SUPPORTED INVESTMENT FUND IN THE REGION
REF: STATE 7796
1. (U) Post appreciates the opportunity to comment on OPIC's
proposed support for the Euro MENA fund. There is increasing
activity in the venture capital field in Morocco, and indeed
the Financial Services Volunteer Corps (FSVC) is helping a
Moroccan partner organize a roundtable on the subject in
March to discuss draft Moroccan legislation to regulate the
sector.
2. (U) Post believes the proposed fund is compatible with
Morocco's economic program and would bring valuable
competition to the market in its proposed transaction range.
While some funding is available, there have not been that
many investments of this size or type. We stand ready extend
any appropriate assistance to fund managers as they
inaugurate their activities here.
******************************************
Visit Embassy Rabat's Classified Website;
http://www.state.sgov.gov/p/nea/rabat
******************************************
Riley