$1.8 billion in commitments to Morocco

The commitments of the World Bank (WB) in Morocco reached a record level estimated at some 1.8 billion dollars, indicated, Monday in Rabat, the Minister of Economy and Finance, Nadia Fettah.

Speaking during a meeting held with the Managing Director of World Bank Operations, Axel Van Trotsenburg, and the Vice President for the MENA region at the World Bank, Ferid Belhaj, the Minister indicated that the he excellent cooperation with the World Bank covers several structuring areas aimed at promoting the country’s economic growth.

In addition, Ms. Fettah highlighted the major reform projects underway by the Kingdom, in particular those launched by our country to accelerate economic and human development, private sector development and climate transition. In this context, she stressed the importance of the WB’s constant financial and technical support for our country’s development efforts, reflected in the quality of the reform and investment programs supported by this institution.

Likewise, the Minister reaffirmed her commitment and strong will to successfully organize the Annual Meetings of the World Bank Group and the International Monetary Fund (IMF), scheduled for Marrakech in October 2023.

For their part, the two World Bank officials, on a working visit to Morocco from February 19 to 22, 2023, welcomed the quality and relevance of the cooperation projects between the World Bank Group and Morocco.

They also highlighted the Bank’s readiness to continue and strengthen its support for Morocco’s economic and social development efforts, and to commit to the successful organization of the 2023 Annual Meetings.

In this sense, they indicated that the preparations for the annual meetings are going very well, noting that this event of great importance would also be an opportunity for Morocco to represent Africa, which constitutes almost half of the global commitment of the bank.

Previous Post Next Post