Morocco’s Gov.t Head holds talks with AfDB Chief

Morocco’s Head of Government Aziz Akhannouch held talks, here Thursday, with Akinwumi Ayodeji Adesina, President of the African Development Bank Group (AfDB), during a meeting attended by Minister of Economy and Finance, Nadia Fettah, during which Morocco’s in-depth transformation, under the enlightened leadership of King Mohammed VI, and which has placed the Kingdom among the world’s emerging countries and among the most stable and prosperous countries in Africa, was praised.

At the outset of the meeting, the Head of Government praised the exceptional partnership between Morocco and the AfDB, inviting the Bank to bolster its support operations to back the major reforms and structuring projects undertaken in various fields, under the enlightened leadership of the King the department of the Head of Government said in a press release.

For his part, Akinwumi Ayodeji Adesina expressed his gratitude to King Mohammed VI, for the support the Sovereign has given to the AfDB, particularly for hosting the well-attended Africa Investment Forum in Rabat, the same source added.

The AfDB President said that Morocco is the leading beneficiary of AfDB investments, with a financial portfolio of $3.6 billion, with the Bank expected to support projects worth $1.5 billion this year, the press release noted.

He also expressed the Bank’s readiness to support Morocco’s preparations for the 2030 World Cup, by financing several projects, mainly to upgrade rail and airport infrastructure.

Both parties expressed their satisfaction with the performance of the African Development Bank Group’s financial portfolio in Morocco, in the light of the assessment made of the projects, and this despite the difficult international context and the successive external crises, the press release said, adding that emphasis was placed in this respect on the efforts made by the Moroccan government and its steadfast resolve to honor its commitments.