Why BMICE?

Despite considerable potential for trade and investment, several studies, including those by the World Bank, have shown that trade between the countries of the Arab Maghreb Union represents only 3.5% of their trade, making this region of the world the least economically integrated.

It is estimated that the cost of the “non-Maghreb” translates for each country in the region into a loss of economic growth of 1.5% to 2% on average, leading to a loss of 200,000 to 300,000 additional jobs per year in the region.

In this context, the Maghreb Bank for Investment and Foreign Trade (BMICE) aims to encourage and finance trade, economic and financial exchanges between the member countries of the Arab Maghreb Union.

The legitimacy of the creation of BMICE also lies in the economic and social challenges common to all Maghreb countries, particularly illustrated by high unemployment, insufficient growth and a disparity between its members in the attractiveness of Foreign Direct Investment (FDI).

To this end, BMICE, which has adopted a clear vision supported by a five-year business plan, aims to become the foundation of Maghreb integration and the catalyst for building a more competitive and integrated economy in the region.

BMICE therefore constitutes a strong message for the impetus of a new dynamic of Maghreb economic cooperation focused on projects of common interest and granting a leading role to the private sector.