Government and the World Bank Group discuss socioeconomic developments

Minister of Economy and Finance Nadia Fattah received David Malpass, President of the World Bank Group, today, Wednesday, March 23, 2022.

The meeting, part of Malpass’s tour in Morocco on March 23 and 24, was an opportunity for officials to discuss the engagement of the World Bank Group to accompany and support economic and social development in Morocco, according to data obtained by Hespress AR from the Ministry of Finance.

According to the same data, the meeting was also an occasion to prepare the annual meetings of the World Bank Group and the International Monetary Fund to be held in Marrakech in 2023.

Ms. Fattah reviewed the main reform plans undertaken by the Kingdom to foster a dynamic recovery and strengthen the resilience of the economy, praised by the same occasion the exemplary long-term partnership between Morocco and the World Bank Group,

The governmental official dedicated particular attention to the economic recovery plan sponsored by King Mohammed VI, the universal social protection project, and the public sector reform plan.

Nadia Fattah invited the World Bank to further reinforce its financial and technical assistance to the reform momentum initiated by the government.

Fattah expressed her gratitude to the World Bank Group and the International Monetary Fund for their confidence in Morocco to organize the 2023 Annual Meetings after the first postponement.

Malpass applauded the Kingdom for its effective strategy of economic take-off and expressed the World Bank Group’s willingness to provide financial and technical support to the various priority reform projects the Kingdom is implementing.

Hespress AR sources noted that the President of the World Bank Group is expected to meet tomorrow, Thursday, the Minister of National Education, Primary Education and Sports, Chakib Benmoussa, to review by the same occasion the experience of one of the education centers in Skhirat.

President of the World Bank Group met this morning with the Head of Government, Aziz Akhannouch, in Rabat to discuss plans to strengthen the partnership between the two parts and follow the strategies and programs undertaken by Morocco under the leadership of King Mohammed VI.

The Head of Government appreciated the level of strategic partnership between Morocco and the World Bank.

In this context, Aziz Akhannouch and Malpass also discussed the global climate to underline initiatives for the achievement of economic recovery. In this regard, the two officials discussed ways of surpassing the repercussions of the COVID-19 epidemic and the trend of increasing commodity prices worldwide.

Note that Morocco joined the World Bank in April 1958, and from 1962 until the present day, the organism has financed several projects in the framework of the partnership between the two.