2024-06-15 04:17:39
“Morocco performs, in a number of respects, an important function as a locomotive within the service of growth in Africa,” added Mr. Hentschel in an interview with MAP, on the sidelines of the Annual Conferences of the WB and the Financial Fund. worldwide (IMF).
Financially, the Kingdom is at present the second largest investor in sub-Saharan Africa, he defined, specifying that Moroccan corporations have invested some $3 billion in sub-Saharan Africa over the past 5 years.
Itemizing the totally different sectors by which Morocco operates on the continent, similar to finance, fertilizers and telecommunications, the official careworn that the Kingdom “maintains a powerful presence in Africa, with an more and more main function as a bridge between Europe and the African continent.
He, then again, noticed that the Kingdom “confirmed that the holding of the WB-IMF Annual Conferences on African soil, 50 years after the primary assembly organized in Nairobi, affords the chance to make the voice of the ‘Africa’, noting, on this regard, that Morocco “assumes the function of spokesperson for the continent”.
The pinnacle of the WB additionally highlighted Morocco’s place as a middle for sharing know-how and data.
The Kingdom has a major community of upper schooling institutions and analysis institutes throughout the African continent, continued Mr. Hentschel, citing, for example, the Mohammed VI Polytechnic College (UM6P) , which has an specific goal of bringing collectively researchers from and to Africa and creating data networks.
“We can not emphasize this level sufficient, as a result of greater schooling, innovation and analysis are engines of growth the place Morocco is at present positioned” with power, he mentioned.
On one other be aware, the top of the WB welcomed the “substantial” reforms undertaken by the Kingdom, beneath the enlightened management of HM King Mohammed VI.
“Thanks to those reforms, the Kingdom has strengthened its commerce, permitting the share of exports in its GDP to double, to round 70 or 80%, a really excessive determine,” he famous.
“The Kingdom now has an economic system related to Europe and Africa. Commerce has additionally stimulated the structural progress of the economic system, enabling sectors as diversified as the auto business, aeronautics, textiles and agriculture to develop,” he famous.
Mr. Hentschel additionally highlighted the social reforms initiated by Morocco, citing for example the generalization of social safety, household allowances and Obligatory Well being Insurance coverage (AMO).
“These are elementary and profound reforms that are being carried out in step with the New Growth Mannequin,” he concluded.
2024-06-15 04:17:39