Marrakech - U.S. vice president Joseph Biden said that corruption is the worst enemy of entrepreneurship.
"Corruption is threat not only to economic growth but to security and sovereignty not just good governance. Fighting corruption is self-defense, it is patriotism," Biden said during the fifth Global Entrepreneurship Summit in Marrakech on Thursday.
Biden also said that "a lot of nations are struggling to decide whether they are competent enough to trust their people to follow that path."
"To the extent they do, they have prospered. To the extent they don't, they haven't," he emphasized.
The US vice president said that the diversity of the United States is the reason of its strength, noting that in 2017 and for the first time ever in the United States, Caucasians from European descent will be a minority.
Biden revealed that the United States is working on providing funds to small and medium sized companies, adding that his country has launched a program with a budget of $3.2 billion to support the establishment of small and medium sized private companies in emerging countries.