Signed by the Minister of Economy and Finance, Nadia Fettah, and the WB country director for the Maghreb and Malta, Jesko Hentschel, this agreement was concluded on the sidelines of a working meeting held with the Vice-President of the WB for the Middle East and North Africa (MENA), Ousmane Dione, visiting Morocco from May 18 to 21.
The RRO is a key element of the World Bank Group’s expanded crisis preparedness and response toolkit, designed to enable client countries to more effectively and quickly deploy resources from their existing banking portfolio during times of crisis.
This initiative further strengthens Morocco’s resilience and capacity to manage and mitigate the impacts of crises, demonstrating the government’s commitment, under the Enlightened Leadership of His Majesty King Mohammed VI, to provide the necessary protection to citizens in the face of different shocks.
Speaking on this occasion, the minister highlighted the important dimension of the strategic partnership framework which characterizes the partnership relations between the Kingdom of Morocco and the World Bank, indicating that the agreement signed “is unique and the first of this kind to be implemented in the MENA region.
Ms. Fettah’s meeting with Mr. Dione is part of strengthening the WB’s strong and long-standing partnership with the Kingdom. This is Mr. Dione’s first official visit to Morocco since he took office as Vice President for the MENA Region on April 16, 2024.
2024-09-28 09:43:03