Morocco Sees G-20 as Key to `Compact With Africa' Initiative
- Initiative to increase and accelerate private investments
- Investments should complement existing priority sectors
Mohamed Boussaid
Photographer: Jalal Morchidi/Anadolu Agency via Getty ImagesThis article is for subscribers only.
The Group of 20 meeting of finance ministers and central bank governors in Baden-Baden, Germany, was a “first step” to kick start private investment in Africa, Moroccan Finance Minister Mohamed Boussaid said.
“This new initiative is completing and accelerating the visibility the continent will have on the worldwide private sector,” Boussaid said in an interview on Saturday. The finance ministries of the G-20 will support partnerships that for the first time will focus on promoting private investment, he said.