The European Bank for Reconstruction and Development (EBRD) is committed to scaling up its engagement in Morocco to support economic growth, regional integration, and green economy potential, its president, Odile Renaud-Basso, said on Tuesday.
In a press release announcing her visit to Morocco from December 4 to 6 to take part in the Africa Investment Forum scheduled to take place in Rabat, Ms. Renaud-Basso commended the Moroccan authorities for their commitment, hailing the progress made by Morocco in terms of structural reforms, in particular, state-owned enterprise modernization.
The president of the London-based financial institution also praised the Kingdom’s “accelerated green transition.”
According to the press release, Ms. Renaud-Basso will capitalize on her visit to Morocco to hold talks with Moroccan officials and representatives of the private sector.
She also intends to use her participation in the Africa Investment Forum to meet representatives of the continent’s banks, in particular the African Development Bank (AfDB), in order to strengthen “the strategic partnership to support small and medium-sized enterprises (SMEs) in sub-Saharan Africa.”
Morocco is a founding member of the EBRD and became an investee economy in 2012. To date, the EBRD has invested close to €5 billion in the country through 106 projects, of which more than 77% have been in the private sector.
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