Initiative for Global Development and the Moroccan General Confederation of Enterprises sign MOU

WASHINGTON - Nov. 22, 2013 - PRLog -- The Initiative for Global Development (IGD) and the Moroccan General Confederation of Enterprises (CGEM) today signed a memorandum of understanding to strengthen information exchange and cooperation on private sector-led growth initiatives in Africa, ultimately growing sustainable economic development and releasing human potential.

The MOU commits the two organizations to forge greater linkages between their respective members, focusing on events such as the IGD Frontier 100 Forum in Abuja, Nigeria, to foster networking opportunities and partnerships. The MOU focuses on priority sectors, including infrastructure, power generation, financial services, and agribusiness.

“IGD is pleased to enter into this MOU with CGEM, and confident the resulting expansion in our network will foster catalytic business growth in Africa,” said Lionel Johnson, Senior Vice President of the Initiative for Global Development. “By bridging the networking divide between American and Moroccan companies, we create opportunities to drive global poverty reduction through investments in high-need, high-potential regions of Africa.”

By leveraging the growing networks of both IGD and CGEM, this MOU will help unleash the economic potential of Africa by changing investor perceptions about the African market, supporting infrastructure and workforce development, and measuring development impact.

ABOUT THE INITIATIVE FOR GLOBAL DEVELOPMENT

The Initiative for Global Development (IGD) is a 501(c)(3) organization that drives significant poverty reduction by catalyzing business growth and investment in the developing world. IGD brings together an influential Frontier Leader network of CEOs and senior executives with the interest and capacity to make strategic investments in high-need, high-potential regions. Learn more: www.igdleaders.org.