Mr. Nizar Baraka, Minister of Economy and Finance, took part in a meeting on the theme " from one transition to another: To boost growth and investment during the transition", held Monday, February 27th 2012 in Casablanca by the European Bank for Reconstruction and Development (EBRD), in collaboration with the General Confederation of Moroccan companies (CGEM) and Marseille Center for Mediterranean Integration (CMI).
The Minister stated that for a long time, the Kingdom moved towards the economic liberalization which resulted especially in the signature of several free trade agreements, the privatization and the improvement of the competitiveness of the national economy.
He also indicated that the macroeconomic stability and the financial sector development made it possible for Morocco to gain some resilience to the global financial crisis, increase its attractiveness due to the sustained development of the industrial system, particularly small and medium- size companies (SMEs), and improve the business climate.
As to the Director of Economic Affairs of the EBRD, Mr. Erick Berglog, the Moroccan reform experience, when confronted with that of Eastern Europe, which is very diverse, should lead to many mutual learning opportunities.
For Mr. Beglog, one key lesson from these experiences is the need to develop a sound banking system that is able to give effective support to investment. For his part, the President of CGEM, Mr. Mohamed Horani, stressed the importance of encouraging business investment to be able to achieve the objectives set for growth and job creation.