2024-06-26 07:25:50
“The WB/IMF Annual Conferences, the present version of which is happening in Marrakech, are a very powerful monetary and financial occasion held each three years exterior Washington,” mentioned Mr. Azour, in a press release. on the MAP.
“It is a crucial showcase to point out what Morocco is able to doing,” mentioned this former Lebanese Minister of Financial system and Finance, affirming that Marrakech is “the perfect place to carry this main world occasion.”
“It’s a crossroads of civilizations, a metropolis which has huge skills and improvements, but in addition a resilient metropolis which, after a number of weeks of a significant disaster, managed to get again on monitor,” famous the supervisor. worldwide monetary establishment, in reference to the earthquake of September 8, the epicenter of which was situated very near town.
Mr. Azour additionally famous that the significance of the Marrakech conferences is defined by the dimensions of present points on the world degree, citing specifically the issues of financial fragmentation and the struggle in opposition to inflation.
“These are additionally necessary conferences as a result of they arrive again for the second time in Africa after 50 years and within the Arab world after 20 years,” he continued.
He recalled that the work carried out to carry this occasion in Morocco started three years in the past due to a really fruitful partnership between the IMF and the Moroccan authorities, welcoming this “glorious group” demonstrated by Morocco and ” this capability of reception that we all know for the Kingdom”.
He additionally underlined that holding this excessive mass in Marrakech is a chance for the 2 Bretton Woods establishments to focus on “the mannequin of an financial system in enlargement and reform, which is the Moroccan financial system”.
These financial reforms had been properly superior and earned Morocco the assist of the IMF by way of a brand new monetary line aimed toward strengthening its resilience after which lately with a brand new line for investments in local weather resilience of 1.3 billion {dollars}, which is added to the 5 billion {dollars} that the Kingdom had a number of years in the past, famous the top of the Center East and Central Asia division on the IMF.
2024-06-26 07:25:50