Infrastructure: Increased global cooperation between Japan and Morocco
9 March 2011
Japan and Morocco, through the Japanese Bank of international cooperation (JBIC), have signed an agreement in order to extend their cooperation in the domain of infrastructures and the environment.
Mrs. Faouzia Zaaboul, Director of the Treasury and of External Finances at the Ministry of the Economy and Finances of Morocco, and Mr. Fumio Hoshi, Executive Director of the JBIC, signed this strategic memorandum of understanding between the two nations on March 8 in Rabat.
The signature of this agreement of understanding will enable Japan, via the JBIC, and Morocco to strengthen their economic relations, for example by providing financial support from the bank for Moroccan projects in the domain of infrastructures, energy (including renewable energies) and the environment.
According to Mr. Hoshi, this memorandum will also enable the JBIC to provide financial support for Japanese companies "who are intervening in Morocco, especially in the domains of energy and infrastructures".