OPIC-SUPPORTED INVESTMENT FUND IN THE REGION

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