the World Bank and the AfDB ready to support Morocco

The Deputy Minister in charge of Investment, Convergence and Evaluation of public policies, Mohcine Jazouli, assured, Friday in Rabat, that the World Bank (WB) and the African Development Bank (ADB) are ready to continue to support Morocco in its development, whether in terms of public or private investment.

Speaking during a meeting with the Vice President for the MENA region (Middle East and North Africa) at the WB, Ferid Belhaj, and the Regional Director General for North Africa at the AfDB, Mohamed El Azizi, the minister indicated that these main donor partners of Morocco came to remind the support for the policy and the vision of HM King Mohammed VI, particularly in terms of the new development model (NMD) and the government program, which stress the need for productive investment and job creators.

These working sessions were also an opportunity for the Minister to recall the main orientations of Morocco’s general development framework, namely the High Royal Guidelines, the NMD, the government program and the budget bill (PLF) in title for fiscal year 2022.

Mohcine Jazouli also insisted on the importance given to investment by the King, in particular during his speech on October 8 on the occasion of the opening of parliament, recalling that the State must accompany and support the private sector to invest more and better.

He also highlighted the potentialities and challenges of investment in Morocco, in particular the need to strengthen private investment, and the importance of orienting investment towards sectors that create jobs and add value.

To do this, Mohcine Jazouli discussed with representatives of the two multilateral development banks around potential avenues for collaboration in terms of both financial and technical support to improve the business climate, boost investment in the Kingdom and bring together public policies. For his part, Ferid Belhaj stressed that the meeting with the Minister was an opportunity to discuss the collaboration of the World Bank and Morocco, particularly in terms of the attractiveness of investments, especially in the private sector.

“We are ready to cooperate with Morocco,” he added, hoping that the new government will achieve a level of growth that is up to the level of Moroccan citizens.

For his part, the representative of the African Development Bank (AfDB) in Morocco, Achraf Tarsim, said that the exchange with the minister was interesting to know the vision of the new government, implement the NMD and accelerate growth. durable and resilient.

This meeting was also an opportunity to reaffirm the ADB’s commitment to support the new government in the implementation of its policy, he noted. Achraf Tarsim also recalled that the ADB has been active in Morocco since the 1970s, with more than 12 billion euros in investments.

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