2024-06-24 20:37:16
Among the many notable mentions is the presentation of the IMF’s e book “Morocco seeking stronger and extra inclusive development”, a piece with an outline of the progress of the Moroccan financial system during the last many years. This publication additionally sheds gentle on the upcoming financial modernization program within the Kingdom.
Certainly, during the last twenty years, Morocco, below the enlightened management of HM King Mohammed VI, has undertaken “formidable and proactive” reforms, affirmed the Head of Authorities, Aziz Akhannouch, on the event of the presentation of this work.
Mr. Akhannouch additionally indicated, within the preface, that this work opinions the achievements already completed below the management of HM the King, with out ignoring the size of the challenges remaining to be met.
All through this course of, the Kingdom has set the milestones for growth in varied areas and made good points which have enabled it to strengthen its resilience within the face of varied crises on an area and worldwide scale and to proceed constructing within the stability and openness, underlined, for his half, the Minister Delegate accountable for the Finances, Fouzi Lekjaa.
The opening of those Assemblies was additionally a possibility to spotlight the response of the Moroccan authorities to the repercussions of the Al Haouz earthquake. The fast and efficient administration of the consequences of the earthquake and the “unmatched solidarity” of Moroccans, below the enlightened management of the Sovereign, are “the perfect proof of Morocco’s vivid future”, affirmed the Managing Director of the IMF, Kristalina Georgieva.
In an eloquent testimony to the magnitude of the conclusive outcomes of the efforts made by the Moroccan authorities to cope with the consequences of the earthquake, Ms. Georgieva indicated that she visited earlier within the morning, accompanied by the Minister of ‘Financial system and Finance, Nadia Fettah, faculties in catastrophe areas. “Barely a month after the earthquake, all the kids returned to highschool,” she stated.
Echoing this, the President of the European Funding Financial institution (EIB), Werner Hoyer, stated in a press release to MAP: “we have been all very moved and intensely impressed by Morocco’s resilience within the aftermath of this horrible earthquake”.
Alternatively, throughout a World Parliamentary Discussion board, organized by the Parliamentary Community of the World Financial institution Group and the IMF, in partnership with the 2 Chambers of the Moroccan Parliament, the Deputy Managing Director of the IMF, Antoinette Sayeh, underlined that parliamentary actors play a central function in strengthening the resilience of individuals within the face of financial shocks.
On this identical event, the President of the Home of Advisors, Enaam Mayara, known as for strengthening the contribution of parliaments to financial reforms, via the institution of a world parliamentary agenda aimed toward assembly present financial challenges.
Mr. Mayara thus pleaded in favor of reflection on a sensible imaginative and prescient for the event of “a parliamentary agenda” aimed toward attaining equitable and inclusive growth.
The primary day of the WB/IMF Annual Conferences was additionally a possibility to spotlight the immense funding alternatives supplied by Morocco. Throughout a high-level public session below the theme “Morocco, privileged land of personal investments”, the Minister Delegate accountable for Funding, convergence and analysis of public insurance policies, Mohcine Jazouli, underlined that Funding in Morocco constitutes a profitable wager for financial gamers who’re known as upon to grab the alternatives supplied by the Kingdom.
The Minister of Financial system and Finance additionally highlighted Morocco’s robust resilience and mobilization, below the management of His Majesty the King, to cope with the consequences of the Al Haouz earthquake.
Talking throughout a debate moderated by Ms. Georgieva, she affirmed that Morocco has managed to recuperate from this “tragedy”, because of optimum mobilization of all stakeholders.
On this wake, the Wali of Financial institution Al-Maghrib, Abdellatif Jouahri, estimated that post-earthquake reconstruction will breathe new life into Morocco’s financial development, as noticed in different nations which have skilled the sort of pure catastrophe.
2024-06-24 20:37:16