Identifier
Created
Classification
Origin
08RABAT46
2008-01-17 17:03:00
UNCLASSIFIED
Embassy Rabat
how-toVZCZCXYZ0003 RR RUEHWEB DE RUEHRB #0046 0171703 ZNR UUUUU ZZH R 171703Z JAN 08 FM AMEMBASSY RABAT TO RUEHC/SECSTATE WASHDC 8022 INFO RUEHAS/AMEMBASSY ALGIERS 4634 RUEHAM/AMEMBASSY AMMAN 0587 RUEHEG/AMEMBASSY CAIRO 2266
UNCLAS RABAT 000046
SIPDIS
SIPDIS
DEPT PLEASE PASS OPIC FOR BBRERETON
E.O. 12958: N/A
TAGS: EINV EFIN MO
SUBJECT: OPIC-SUPPORT EURO MENA FUND II
REF: STATE 01759
UNCLAS RABAT 000046
SIPDIS
SIPDIS
DEPT PLEASE PASS OPIC FOR BBRERETON
E.O. 12958: N/A
TAGS: EINV EFIN MO
SUBJECT: OPIC-SUPPORT EURO MENA FUND II
REF: STATE 01759
1. (U) OPIC support for the EURO MENA Fund II would mesh
with Moroccan efforts to build a diversified and strong
private sector and to strengthen and deepen the country's
financial markets. The GOM has targeted a number of areas
through specific sectoral policies. While most of these are
outside the fund's planned target sectors, there is some
overlap in the area of food, as agro-industry is targeted by
the "Emergence" industrial program. Education is also a
growing sector following an accord-cadre between the Moroccan
government and private school operators last year, and in the
longer term the pharmaceutical sector is also a government
target.
2. (U) Post notes that Moroccan markets have performed very
strongly in recent years, with strong inflows for both direct
and equity investment. Funding for projects in these areas
is thus available from other sources.
*****************************************
Visit Embassy Rabat's Classified Website;
http://www.state.sgov.gov/p/nea/rabat
*****************************************
Riley
SIPDIS
SIPDIS
DEPT PLEASE PASS OPIC FOR BBRERETON
E.O. 12958: N/A
TAGS: EINV EFIN MO
SUBJECT: OPIC-SUPPORT EURO MENA FUND II
REF: STATE 01759
1. (U) OPIC support for the EURO MENA Fund II would mesh
with Moroccan efforts to build a diversified and strong
private sector and to strengthen and deepen the country's
financial markets. The GOM has targeted a number of areas
through specific sectoral policies. While most of these are
outside the fund's planned target sectors, there is some
overlap in the area of food, as agro-industry is targeted by
the "Emergence" industrial program. Education is also a
growing sector following an accord-cadre between the Moroccan
government and private school operators last year, and in the
longer term the pharmaceutical sector is also a government
target.
2. (U) Post notes that Moroccan markets have performed very
strongly in recent years, with strong inflows for both direct
and equity investment. Funding for projects in these areas
is thus available from other sources.
*****************************************
Visit Embassy Rabat's Classified Website;
http://www.state.sgov.gov/p/nea/rabat
*****************************************
Riley