The Ministry of the Economy, Finance and Administrative Reform and the Embassy of the Federal Republic of Germany in Rabat signed, Wednesday in Rabat, three agreements covering a total budget of 701.3 million d euros (M €), made available to Morocco in the form of loans and donations.
Initialed by the Minister of the Economy, Finance and Administrative Reform, Mohamed Benchaâboun, and the Ambassador of the Federal Republic of Germany in Rabat, Götz Schmidt-Bremme, these agreements testify to the excellence of relations of cooperation and ties of friendship between Morocco and Germany as well as the relevance of the areas of intervention of this cooperation which focuses on priority sectors of development of Morocco in particular, the promotion of renewable energies and the energy efficiency, sustainable economic development and management of water resources, specify the two parties in a joint statement.
This signing also marks the launch of a new pillar of development cooperation between the two countries, in particular under the “Partnership to encourage reforms” intended to support Morocco in its dynamics of the reforms undertaken, particularly in terms of financial sector reform, improvement of the business and investment climate, and strengthening of advanced regionalization, with the objective of further developing the potential of the private sector and promoting sustainable economic growth that creates jobs , underlines the same source.
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