Atlantic facade of Africa: the Royal initiative goals for shared prosperity and the acceleration of regional financial integration (Mr. Methqal)

by times news cr

2024-06-30 04:25:31

“His Majesty King Mohammed VI needed the imaginative and prescient of Atlantic Africa to allow the continent, and particularly this Atlantic coast, to change into a spot of communion, shared prosperity, acceleration of regional financial integration and affect each on a continental and worldwide scale,” mentioned Mr. Methqal, who was talking on the seventh Worldwide Africa Growth Discussion board (FIAD), held on June 27 and 28 in Casablanca.

The DG of AMCI additionally highlighted the three dimensions by means of which the Royal Atlantic initiative might materialize in partnership and particularly in co-construction with all of the nations of this Atlantic coast.

On this sense, he insisted on the significance of capitalizing on the institutional platform that Morocco created a number of years in the past, which permits the governments of the 23 Atlantic African nations to satisfy inside the framework of working teams to debate a number of matters such because the blue financial system, sustainable growth, safety, infrastructure and connectivity.

As well as, Mr. Methqal pressured the necessity to speed up, on a continental scale and significantly on this Atlantic coast, the structuring initiatives launched which concern the event of the maritime dimension by means of fishing, but in addition of the whole industrial element round maritime fishing.

These additionally embrace elements regarding infrastructure, connectivity and tourism, along with the event of business integration with logistics zones and commerce corridors, he added.

The AMCI DG additionally pressured the significance of capitalizing on transformational initiatives of continental dimension, such because the Nigeria-Morocco Atlantic fuel pipeline, which is able to contributing to remodeling and accelerating regional financial integration and attaining sustainable human growth in these nations, enhancing their entry to meals safety, selling industrial growth and industrial co-location within the service of the African continent.

Moreover, Mr. Methqal famous that the worldwide initiative of HM King Mohammed VI to advertise entry for Sahel nations to the Atlantic Ocean is absolutely built-in into the Royal Initiative for the Atlantic.

“The Sovereign, all the time on this spirit of lively solidarity, needed, by creating this Atlantic facade, to additionally profit the nations of the Sahel that are at present landlocked. These nations all additionally share the identical challenges of the Atlantic facade they usually have widespread vocations, significantly round agriculture, mining and with potential within the fields of photo voltaic and power,” he continued.

Mr. Methqal additionally underlined that the initiatives underway at present within the southern provinces, the Nigeria-Morocco fuel pipeline, the initiatives launched in different nations by way of electrical interconnection, connectivity infrastructure, business hall Sahel-Atlantic with the assorted dry ports or built-in financial zones, ought to make it potential to attain the ambition advocated by His Majesty the King, to make this zone, made up of the 23 Atlantic nations and the 4 Sahel nations, that of prosperity. shared stability.

Held on the initiative of the Africa Growth Membership of the Attijariwafa financial institution group, in partnership with the Al Mada Pan-African Fund, this discussion board was additionally a chance for the DG of AMCI to return to the imaginative and prescient carried by His Majesty the King to contribute to accelerating the co-emergence of Africa.

This version of the FIAD introduced collectively a neighborhood of main coverage makers, worldwide establishments, financial operators and media from greater than 30 nations on the continent.

2024-06-30 04:25:31

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