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Morocco is represented throughout these conferences by a delegation led by the Minister of Economic system and Finance, Nadia Fettah, and composed of the Deputy Director of the Treasury and Exterior Finance answerable for relations with the Arab world and worldwide establishments, Abdelkrim Achir, of the deputy director of the Treasury and exterior funds answerable for the macroeconomic pole, Abdelali Eddebbagh, of the top of the division of relations with the Arab and Islamic world, Abdessamad El Hamraoui, of the top of the division of relations with Arab and Islamic organizations, Mohssine Assafi, and the ambassador and everlasting consultant of Morocco to the League of Arab States, Mohamed Ait Ouali.
Ms. Nadia Fattah takes half in these conferences in her capability as Governor of the Kingdom of Morocco to the Boards of Governors of Arab monetary establishments, specifically, the Arab Financial Fund (AMF), the Arab Fund for Financial and Social Growth (FADES) , the Arab Financial institution for Financial Growth in Africa (BADEA), the Arab Funding and Export Credit score Assure Company and the Arab Authority for Funding and Agricultural Growth (AAAID).
Talking on this event, the Chairman of the Joint Session of the Annual Conferences of Arab Monetary Establishments, Qatari Minister of Finance Ali bin Ahmed Al Kuwari, harassed that the joint Arab monetary establishments play a significant position in enabling Arab economies to deal with the financial and social repercussions ensuing from the a number of shocks suffered by the worldwide and Arab financial and monetary system, which have impacted on commodity costs, thus growing the price of imports and exports, disrupting provide chains and growing the inflation charge.
On this regard, he famous that the varied actions of Arab monetary establishments and our bodies have contributed to supporting the efforts of Arab governments and their capability to undertake quite a few insurance policies and applications geared toward mitigating the consequences of those repercussions on the Arab financial system, highlighting their efforts and speedy reactions to the challenges posed by financial shocks, by offering the required financing, technical help and capability constructing to assist Arab governments consolidate the tempo of financial restoration, finance very important tasks and tackle financial imbalances.
Mr. Al Kuwari additionally indicated that regardless of the disparity within the conditions of Arab international locations, reform priorities and challenges, the area has a standard have to undertake quite a few structural reforms geared toward strengthen and diversify financial buildings, enhance the enterprise setting, enhance ranges of productiveness and competitiveness, assist human capital, and speed up digital transformation efforts, in addition to fight the impacts of local weather change.
This main occasion features a sequence of conferences, together with the boards of governors of FADES, shareholders of the Arab Funding Assure and Export Credit score Company, FMA, BADEA, AAAID and Arab finance ministers, along with the presentation of the “Abdellatif Youssef Al Hamd” award.
These conferences present a unified platform for Arab monetary establishments to debate crucial regional and worldwide monetary, financial and improvement points, assess achievements, outline challenges and description new targets to be achieved, for sustainable and inclusive improvement.
Spanning two days, this occasion can also be attended by representatives of the Worldwide Financial Fund, the World Financial institution and the Islamic Growth Financial institution, in addition to consultants and specialists within the monetary and financial fields.
2024-07-01 04:45:55