Highlights

The Minister meets in Washington the Vice President of the World Bank for the MENA region : 25/04/2012

The Minister meets in Washington the Vice President of the World Bank for the MENA region

Mr. Nizar BARAKA, Minister of economy and finance, held talks with the Vice-President of the World Bank (WB) for the (MENA) region, Mrs. Inger Andersen, on the sidelines of the spring meetings of the World Bank and of the International Monetary Fund (IMF) held from 20th to 22nd April 2012 in Washington.

During this meeting, the Minister stressed the importance of the relationship linking Morocco and the World Bank. He welcomed the effectiveness in implementing the strategic partnership 2010-2013 with this international financial institution that contributed to the realization of 11 financing transactions amounting to more than 1.5 billion dollars and covering reform projects as well as investment programs.

He also discussed with the Vice-President of the Bank means to strengthen the relations of this institution with Morocco, notably in relation to supporting reform programs the Kingdom undertakes.

Mr. Nizar BARAKA, heading a delegation including Mr. Abdellatif JOUAHRI, Governor of Bank Al Maghrib, also took part in the meetings of Arab and African Governors with respectively the President of the World Bank and the Director General of International Monetary Fund. At these meetings, the Minister stressed the importance of these two institutions` support for the development process of the Arab and African countries and the setting up of measures to reduce commodity price volatility.

Alongside the meetings of the World Bank and the IMF, Mr. Baraka also took part in a meeting of Ministers of Finance of the Maghreb countries for the United States- North Africa partnership in terms of economic opportunity (NAPEO).

He took this opportunity to particularly expose the Moroccan experience as regards the promotion of employment and called for supporting and strengthening these efforts, while reiterating the need for the Maghreb countries to accelerate the process of their integration.

The Minister also had a discussion with the US Deputy Secretary to the Treasury, Charles Collyns, particularly which focused on the recent evolution of the Moroccan economy and the prospects of strengthening cooperation between the two countries.

He also took part, in Washington, at a meeting of the Ministers of Finance of the countries Member of the Deauville partnership. During this event, he presented Morocco`s strategy to promote job creation, and stressed the need to accelerate the realization of the actions outlined in favour of the Arab countries in transition.