Cablegate: Opic-Support Euro Mena Fund Ii

VZCZCXYZ0003
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

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.

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Visit Embassy Rabat's Classified Website;
http://www.state.sgov.gov/p/nea/rabat
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Riley

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