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The Annual Meetings of the ADB in Marrakech, a real turning point for Africa : 06/05/2013

The Annual Meetings of the ADB in Marrakech, a real turning point for Africa

The annual meetings of the African Development Bank Group (ADB), which will take place from May 27th to 31st in Marrakech, under the patronage of HM King Mohammed VI, will constitute "a turning point for Africa," expressed, Friday, May 3rd 2013 in Tunis, the Minister of Economy and Finance, Mr. Nizar Baraka.

After his discussions with the President of the ADB, Mr. Donald Kaberuka, Mr. Baraka stressed the importance of the theme of these meetings "The structural changes of Africa, a "region" which should know a real acceleration following these meetings"

Mr. Baraka, president of the Board of Governors of the ADB added that the meetings of Marrakech constitute an opportunity to exchange experiences and establish "our vision of the future", highlighting the importance of the project presented by Mr. Kaberuka, namely the availability of a fund for "intra-regional and inter-regional infrastructure."

This body "will enable Africa to have a real endogenous growth, able to accompany its growth and common development," stressed Mr. Baraka.

Being pleased with the level of "strong and deep" relations joining both parties, Mr. Baraka stated that the ADB "is considered the first partner" of Morocco, particularly in favor of its funding of various reforms undertaken in the Kingdom.

"The Bank has supported and accompanied us in financing reforms, infrastructure and public services and was a crucial component of accelerating growth in addressing inclusion and sustainable development with a particular focus on green economy, "he noted.

In addition, Mr. Baraka reviewed the progress of the preparation of the ADB annual meetings, stressing the enthusiasm of African countries to participate in this event. "We are particularly pleased to see that our brotherly nations showed a real involvement to be among us during these meetings which have a special significance, because they are organized at a time when the world is in crisis and where Africa is achieving a true prosperity, "he stated.