The President of the World Bank Group (WB), David Malpass, will travel to Morocco on Wednesday for a two-day visit, the Group announced in a statement.
This is Malpass’ first trip to Morocco as head of the World Bank Group, the same statement said, adding that this visit reaffirms the Group’s commitment to work with Morocco for better results in the area of development for all its citizens.
“The Kingdom of Morocco is a long-standing partner of the World Bank Group, and we are delighted to support its initiatives in implementing substantive development reforms,” Malpass was quoted as saying in the statement.
“The Kingdom’s efforts to achieve better development outcomes across the region are commendable, and I look forward to the country hosting the 2023 Annual Meetings of the World Bank Group and the International Monetary Fund next year,” he added.
According to the same source, Malpass will meet with senior officials as well as representatives of the private sector.
During his visit, he will be accompanied by Ferid Belhaj, WB Vice-President for the Middle East and North Africa region, Jesko Hentschel, WB Country Director for the Maghreb and Malta, and Xavier Reille, Director of the International Finance Corporation (IFC) for the Maghreb.
The World Bank’s active portfolio in Morocco includes 20 International Bank for Reconstruction and Development (IBRD) projects totaling $5.2 billion.
In the past fiscal year, the World Bank committed a record $1.8 billion overall, making Morocco one of the largest recipients. In the calendar year 2021, the International Finance Corporation invested $447 million in Morocco.
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