The Minister of Economy and Finance, Nadia Fettah Alaoui participated, on Friday, in the 104th meeting of the joint Development Committee (DC) of the World Bank Group (WBG) and the International Monetary Fund (IMF).
At the meeting, held on the occasion of the WBG and IMF 2021 Annual Meetings, Ms. Fettah Alaoui, in her capacity as chair of the group of countries consisting of Morocco, Afghanistan, Algeria, Ghana, Iran, Pakistan and Tunisia, delivered a statement devoted to themes relating mainly to “financing the WBG for a green, resilient and inclusive development” and “the role of the WBG in the prevention, preparation and response to future crises”, says a statement from the Ministry of Economy and Finance.
Through this statement, she thanked the World Bank for its considerable efforts to address the many challenges related to the pandemic and called on the Bank to strengthen its commitments in the future, given the growing economic challenges facing developing countries. Mrs. Fettah Alaoui, who was accompanied by Faouzia Zaaboul, Director of Treasury and External Finance, recalled the WBG’s key role in preventing, preparing for and responding to future crises and called on the institution to strengthen its support to member countries, including through concessional financing as well as tailored technical assistance and advisory services.
The Minister took the opportunity to extend an invitation to the WBG and IMF member countries and the international financial community to participate in the 2022 Annual Meetings scheduled to take place in Marrakech and reiterated the commitment of the Kingdom of Morocco to take all necessary measures, in collaboration with the WBG and the IMF, for the success of this important event. The Development Committee meets twice a year, on the occasion of the WBG and IMF Spring Meetings in April and the Annual Meetings in October, to discuss fundamental issues of development, mobilization of financial resources for developing countries, world trade and the environment, the statement concluded.