The partnership will provide a platform for exchange, encouraging best practices and knowledge sharing in the fields of SME financing and corporate governance, the CFC said in a statement.

The partnership also aims to facilitate the sharing of information and expertise between the two entities in order to develop effective cooperation. 

This component will include the organization of joint education and professional financial training programs, research and workshops, but also publications and exchanges of business delegations, among others, according to the same source.

"We are very happy to sign this partnership with the Belgian Finance Center. This will strengthen our cooperation with Belgium, which is a historical partner to Morocco," said Saïd Ibrahimi, CEO of CFC, as quoted by the statement. 

"The partnership covers two key themes in the context of the post-Covid recovery: the financing of SMEs and corporate governance. This partnership between Casablanca Finance City and the financial center of Brussels is also a pledge of recognition of the excellent relations that unite us," he added.

For his part, Bruno Colmant, BFC Chairman said he was "very keen to promote the cooperation of Belgium with Morocco and Africa in general." 

"Like CFC, BFC is a founding member of the World Alliance of International Financial Centers, which demonstrates our willingness to develop mutual aid between countries. We believe that financial centers have the capacity to promote economic growth and international cooperation through their links and their technological skills," Colmant stated.