The teams of the African Development Bank (AfDB) in Morocco are “fully” mobilized to help mitigate the economic and social repercussions of the pandemic of the novel coronavirus (covid-19), said Country manager and Resident representative of the African Development Bank in Morocco, Leila Farah Mokaddem.
“Despite the cancellation of meetings, missions and events, our teams in Morocco are fully mobilized. Alongside the authorities, our services remain fully operational to help curb the spread of the virus and mitigate its economic and social repercussions,” said Ms. Mokkadem in an interview with MAP.
In these difficult times, the excellent partnership between Morocco and AfDB is a real asset to preserve the conditions for sustainable and inclusive growth, she underlined.
“We will do this by providing the country budget flexibility, supporting very small and medium-sized businesses and backing the most vulnerable populations,” she explained.
Emergency operations will soon be carried out in the areas of health, entrepreneurship and financial inclusion, she said.
The partnership between Morocco and the Bank goes back to more than half a century with a cumulative commitment of more than 10 billion US dollars in various sectors, including human and social development, energy, water, transport and agriculture, Mokkadem said.
The African Development Bank Group has recently announced the creation of the COVID-19 Response Facility to assist regional member countries in fighting the pandemic.
The Facility is the latest measure taken by the Bank to respond to the pandemic and will be the institution’s primary channel for its efforts to address the crisis. It provides up to $10 billion to governments and the private sector.
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