The Minister chairs the 15th meeting of the Advisory Board of Governors of ADB : 12/10/2012

The Minister chairs the 15th meeting of the Advisory Board of Governors of ADB

The Minister of Economy and Finance Mr. Nizar BARAKA chaired Thursday, October 11th in Tokyo, the 15thmeeting of the Advisory Board of Governors of the African Development Bank (ADB), devoted to review the roadmap for the return of the ADB`s head officeto Abidjan inIvory Coast.  

This event, which comes as part of the meetingsscheduled on the sidelines of the annual assemblies of the IMF and the World Bank, helped reach a consensus on the transmission of this roadmap, for approval, to the Board of Governors during the ADB annual meetings planned in Marrakech in May 2013.

In addition, Mr. BARAKA had a meeting with the member of the parliament and Deputy Minister of Finance of Japan, Mr. Shinsuke Amayah, during which both parties welcomed the relations of friendship and cooperation between the two countries and made a commitment to work for the reinforcement of this cooperation according to the will of the authorities of both countries.

The Minister recalled, on this occasion, the last events that characterized the political evolution of Morocco, including the adoption of a new constitution under the leadership of HM King Mohammed VI, the organization of early legislative elections and the establishment of a Government changethrough the ballot box.

As for economy, Mr. BARAKA highlighted the government`s economic program on the acceleration of growth, the development of the potentialities of Morocco, the improvement of governance, the advanced regionalization and the intergenerational solidarity.

He also stated that the Government continues to implement major infrastructure projects including motorways, airports and ports, rails, housing and water supply, sanitation, as well as to further the implementation of integrated sector based development policies.

Therefore, Mr. Baraka invited the Japanese official to support the efforts made by Morocco and sustain various reform projects and programs undertaken by the country in seizing investment opportunities offered by Morocco that could represent for Japan a platform for export to Africa.

In this respect, He called for the acceleration of the implementation of the agreement on the promotion and protection of investments between Morocco and Japan in order to boost investment between the two countries.

For his part, the Deputy Minister of Finance of Japan welcomed the political and economic efforts undertaken by Morocco and expressed his country`s readiness to support these efforts through a more significant financial cooperation, the source added.

Mr. BARAKA chairs the Advisory Board of Governors of the ADB for the period from the previous meetings of this institution held in Tanzania in May 2012 to the next meetings scheduled for May 2013 in Morocco.