Mr. Mohamed BOUSSAID, Minister of Economy and Finance chaired the Moroccan delegation that participates in the joint annual meetings of the Arab financial bodies which take place this Tuesday, April 7th
, 2015 in Kuwait.
These meetings relate to the Boards of Governors of the following institutions:
The Arab Fund for Economic and Social Development;
The Arab Monetary Fund;
The Arab Bank for Economic Development in Africa;
The Arab Authority for Investment and Agricultural Development;
The Arab Institution for Investment Guarantee.
On the sidelines of these meetings, the Minister of Economy and Finance had bilateral meetings with several Ministers of Economy and Finance of the Arab countries to discuss ways to activate bilateral cooperation relations.
Mr. Mohammed BOUSSAID also discussed with the Presidents and Directors of some financial institutions on development projects to be funded in our country.
Moreover, the Minister of Economy and Finance participated in the meeting of the Council of Arab Ministers of Finance which aims to exchange experiences in the field of public finance policies in Arab countries; coordinate positions around the economic and financial issues and developments discussed in international forums; reinforce efforts to encourage Arab investments; participate in the development of international standards in many financial and economic fields and support the Arab presence in the international financial institutions.
It is worth noting that these meetings were attended by the Ministers of Economy and Finance of the Arab countries as Governors representing their countries in the above institutions, Central Banks Governors in Arab countries and the accompanying delegations as well as several representatives of regional and international bodies, in addition to Chairmen of the Boards of these institutions and their CEOs and several of their senior officials.
At these meetings, participants discussed several issues concerning the activities of these institutions including the approval of the annual reports for their fundraising and their final accounts for the previous financial year; the reappointment of the CEO, Chairman of the Board of Directors of the Arab Fund for Economic and Social Development; the appointment of the Director General of the Arab Bank for Economic Development in Africa; the allocation of administrative budgets of these institutions for the next budget year and the appointment of auditors of their final accounts for the financial year 2015.
In addition to Mr. Driss EL AZAMI EL IDRISSI, Minister Delegate in charge of the Budget, the Moroccan delegation consisted of the Director of Treasury and External Finance and the Director of the Budge in the Ministry of Economy and Finance