2024-06-12 17:20:24
“We had been deeply impressed by the fast and decided response” of the Kingdom after this pure catastrophe, underlined Mr. Pimenta on the opening of a convention on the inventive industries in Africa, organized as a part of the Annual Conferences of the Group of the World Financial institution and the Worldwide Financial Fund that are held in Marrakech (October 9-15).
“Holding this occasion at this exact second demonstrates the dedication of the Kingdom of Morocco to supporting its individuals and protecting financial improvement plans on monitor,” famous this official of the IFC, a company of the Financial institution International, devoted to the non-public sector.
Relating to the inventive industries, Mr. Pimenta recalled that this sector represents an financial drive of two,000 billion {dollars} and employs 50 million individuals world wide, virtually half of whom are girls.
The IFC has invested and mobilized about $500 million within the inventive industries for the reason that group started specializing in the world a couple of yr in the past, he stated, including that Africa is a market important on this matter.
“Though African inventive industries generate $4.2 billion per yr, they occupy solely a marginal place within the international market, since they signify solely 2.9% of exports of inventive merchandise,” lamented the top of the IFC, stressing that will probably be essential to develop these industries to assist the Continent obtain its Sustainable Growth Targets.
In line with Mr. Pimenta, the cinema and audiovisual sectors in Africa have the potential, over the subsequent three many years, to create 20 million jobs and generate $20 billion in annual income.
On this context, he referred to as on the private and non-private sectors to pool their efforts to create a higher variety of inventive companies, by implementing good laws and resilient “enterprise fashions”, whereas affirming the dedication of the IFC and the World Financial institution to assist this dynamic.
Organized collectively by the IFC and the Mohammed VI Polytechnic College, this occasion highlights the significance of cultural and inventive industries as a driver of financial and social improvement.
This occasion is marked by the participation of eminent personalities from the private and non-private sectors, notably from the inventive and cultural industries sector in Africa and world wide.
2024-06-12 17:20:24