Bill and Melinda Gates Foundation Denies 100 Million Investment in Morocco


(MENAFN- Morocco World News) The Bill and Melinda Gates Foundations has denied that it would invest $100 million in Morocco.

According to a news story published on Tuesday on Moroccan news website Hespress the American foundation attended a meeting with the regional head of the Tangier-Tetouan-Al Hoceima region and representatives from the Islamic Development Bankon Tuesday not to discuss Bill Gates' first visit Morocco in the coming months.

According to the same source Bill Gates' trip to Morocco comes after a two-month long effort made by Ilya El Omari head of the Tangier-Tetouan-Al Hoceima and President of the Party of Authenticity and Modernity (PAM) to convince Microsoft's founder to visit the North African country. The information was not denied by the PAM.

It seems however that news which went viral and was published by most news outlets including Morocco World News is not accurate.

According to an email sent by the Bill and Melinda Gates Foundation to Moroccan journalist Anas Bendrif the 'media reports about funding of projects in Morocco are not correct.'

While the Foundation's did not deny the visit reported by Moroccan media it pointed out however that that no investment is being planned yet in Morocco adding that any decision in this regard is made by the Islamic Development Bank.

'The Bill and Melinda Gates works with partner organization around the world including the Islamic Development Bank to explore new ways of cooperation on initiatives that will help lift the poor out poverty and provide then with brighter future. This includes on-the-ground visits to various communities and regions to learn more about their greatest needs which may benefit from our joint initiative: the Lives and Livelihoods Fund' Cecilie the foundation's representative said in the email.

The Foundation went to add this no projects has not been confirmed yet for Morocco.

'We have no confirmed any projects at his time in Morocco but we continue to explore potential opportunities wen we will announce those once they materialize.'


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