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WB/IMF spring meetings: A meeting devoted to Moroccan development

The Moroccan embassy in Washington organized its second annual dinner debate on Friday under the theme “Moroccan economy: challenges and prospects”, in the presence of the Minister of Economy and Finance, Nadia Fettah, on the sidelines of the Meetings of the World Bank and the International Monetary Fund (IMF), which are being held from April 15 to 20 in the American federal capital.

This meeting saw the participation of the American Deputy Assistant Secretary of Commerce for the Middle East and Africa, Thomas Bruns, the Deputy Assistant Secretary of State, Joshua Harris, heads of influential US think tanks, Moroccan expertise from the World Bank and the IMF, in addition to private sector actors and representatives of development financing agencies based in the United States.

Also taking part in this event were the President of the United Nations Human Rights Council and permanent representative of Morocco in Geneva, Omar Zniber, members of the Moroccan delegation participating in the meetings of the two international financial institutions, as well as parliamentarians. and several other civil society actors.

In his speech, the Moroccan Ambassador to the United States, Youssef Amrani highlighted the economic progress recorded by the Kingdom, making Morocco today a model of resilience and post-crisis management.

The diplomat also mentioned the solid and multifaceted strategic partnership linking Morocco and the United States in the promotion of common ambitions, both at the bilateral and multilateral level.

As HM the King emphasized in the message to participants in the annual meetings of the IMF and the World Bank held in Marrakech last October, calling for the reform of the institutions and rules governing multilateralism, it is imperative to undertake, to rethink, reshape and rebuild multilateralism, while ensuring greater representation of the global south, the ambassador concluded.

Speaking during this meeting, the Minister of Economy and Finance highlighted the trajectory of all-out reforms undertaken in Morocco under the leadership of King Mohammed VI.

This reform dynamic is based on a long-term royal vision, she argued, noting that the New development model currently being implemented in Morocco is the fruit of this forward-looking strategy, solid institutions as well as of an inclusive process involving all stakeholders.

Among the major reforms, the minister mentioned the consolidation of the foundations of the social state, in particular through the implementation of the royal social protection project, via the generalization of compulsory basic health insurance for the benefit of deprived categories. , as well as the operationalization of direct social assistance.

“Today, four million people benefit from these transfers, an advance made possible thanks to the establishment of a solid unified national registry system,” she said.

Referring to the performance of the Moroccan economy, Ms. Fettah noted that the Kingdom has demonstrated resilience despite a context marked by rising inflation and the repercussions of the Covid-19 pandemic and the Al Haouz earthquake. . She recalled that the growth of the Moroccan economy stood at 3.2% in 2023, while it should amount to 3.4% this year.

Furthermore, the minister welcomed the solid partnership linking Morocco to the World Bank and the International Monetary Fund, which is based on trust to support the development strategies initiated by the Kingdom in various areas.

LNT with MAP


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– 2024-04-21 01:28:53

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