Morocco, India to Boost Bilateral Investment Through MoU Between Banks ...Morocco

Morocco’s BMCE Bank of Africa andIndia Exim Bankhave signed a Memorandum of Understanding (MoU) to strengthen financial cooperation and promote bilateral trade and investment.Representatives from the Moroccan and Indian banks signed the agreement on December 11 during the virtual India-Morocco Business Forum.Moroccan Ambassador to India Mohammed Maliki co-hosted the videoconference with G.K. Pant, charge d’affaires at the Embassy of India in Rabat.According to Mohammed Agoumi, the delegate general manager at BMCE Bank of Africa, the MoU seeks to guarantee financial mechanisms that would support Indian investments in Morocco and vice-versa.The agreement also provides for exploring opportuniti

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