JIMF in Dakhla, what priorities for the event of the African continent?

Throughout the opening of the work of the fifth version of the “Worldwide Days of Macroeconomics and Finance” (JIMF) in Dakhla, the Wali of Financial institution Al-Maghrib (BAM), Abdellatif Jouahri, underlined the essential significance of a inclusive financial integration of Africa for the sustainable financial improvement of the continent. He affirmed that this integration ought to be designed in such a method as to profit all nations and all segments of the inhabitants, with out marginalizing probably the most susceptible.

Mr. Jouahri recalled that initiatives geared toward strengthening African financial integration, such because the African Continental Free Commerce Space (AfCFTA), have the potential to generate vital advantages for the continent’s economic system. The assessments carried out confirmed that the implementation of the AfCFTA might result in a considerable improve in intra-African commerce and stimulate financial development, by growing GDP per capita.

Nonetheless, Mr. Jouahri burdened that to totally understand this potential, Africa should handle a number of challenges, together with investing in its human capital, reforming its economies to make them extra aggressive, and shutting the infrastructure hole. He additionally highlighted the necessity for vital monetary sources in a context the place budgetary margins are restricted and financing situations are more and more strict.

As well as, Mr. Jouahri highlighted Morocco’s continued dedication to the event of Africa, citing initiatives such because the Morocco-Nigeria Fuel Pipeline and the Atlantic Initiative. He additionally highlighted the essential position of Moroccan banks within the financial improvement of the continent and BAM’s collaborations with different African central banks as a part of numerous initiatives geared toward strengthening regional financial integration.

The JIMF, organized by BAM in partnership with tutorial and institutional establishments, made it doable to current in-depth analysis work carried out by nationwide and worldwide researchers. This work highlights the challenges and alternatives associated to financial integration in Africa, offering invaluable insights for coverage makers and related financial actors.