The new Director General and Executive Vice-President of the International Finance Corporation (IFC) Makhtar Diop reiterated, on Thursday, his support for Morocco’s efforts in mobilizing the private sector in the dynamics of the Kingdom’s economic and social development.
During a virtual meeting with Mohamed Benchaaboun, Minister of Economy, Finance and Administration Reform, Diop underlined “IFC’s readiness to strengthen its support, both financially and technically, to the efforts of the Kingdom in terms of mobilizing the private sector in the dynamics of Morocco’s economic and social development”.
In this regard, he expressed the commitment of IFC, a subsidiary of the World Bank Group specialized in the private sector development, to “rapidly” finalize the Multi-year Partnership Framework, said a statement from the Ministry of Economy, Finance and Administration Reform.
Diop further pointed out that Morocco is an anchor in the MENA region and a hub in Africa, noting that the Kingdom has an important role to play as a platform to attract private investments nationally and regionally.
For his part, Benchaaboun surveyed the two main broad lines of the post-Covid recovery plan, namely the maximization of the leverage effect through the Mohammed VI Fund for investment and public sector reform, said the source.
In this context, he called on the IFC to speed up the conclusion of the multi-year partnership framework for financial and technical cooperation with this institution, adding that this framework should cover the IFC’s areas of intervention in terms of support for post-Covid recovery.
This meeting was also an opportunity for Benchaaboun to review the other priority reform projects undertaken, in accordance with the High Guidelines of HM King Mohammed VI, in particular the structuring project for the social protection generalization.
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