What the World Bank boss said after his meeting in Morocco

The World Bank is ready to strengthen its support to Morocco’s economic and social development efforts, World Bank Group (WBG) President David Malpass said on Wednesday in Rabat.

During a meeting with the Minister of Economy and Finance, Nadia Fettah Alaoui, Malpass, on a visit to the Kingdom, congratulated Morocco for “its effective economic recovery strategy”, while expressing the World Bank’s readiness to provide financial and technical support to the various priority reform projects undertaken by the Kingdom.

He also reaffirmed the Group’s “commitment and will” to successfully organise the annual meetings of the World Bank and the International Monetary Fund (IMF), scheduled to take place in Marrakech in 2023.

For her part, Nadia Fettah Alaoui welcomed the quality of the “exemplary” long-standing partnership between the Kingdom and the World Bank Group.

The Minister also reviewed the main priority reform projects undertaken by Morocco to promote a dynamic recovery and strengthen the resilience of the economy, citing, in this regard, the economic recovery plan supported by the Mohammed VI Fund for Investment, the project to generalize social protection and that of public sector reform.

In this context, the World Bank was invited to further strengthen its support, both financial and technical, to the dynamics of reforms undertaken by the government, she said, while thanking, on the same occasion, the WBG and the IMF for their confidence in Morocco for the organization of the 2023 annual meetings, after a first postponement.

David Malpass’ visit to Morocco for the first time as World Bank President reaffirms the Group’s commitment to working with Morocco to achieve better development results for all its citizens.

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