Highlights

Meeting of Mr. Benchaaboun with the President of the World Bank Group, Mr. David Malpass : 09/04/2021

Meeting of Mr. Benchaaboun with the President of the World Bank Group, Mr. David Malpass

On the margins of the World Bank and the International Monetary Fund spring meetings, which are held virtually from 9th to 11th April 2021, Mr Mohamed Benchaaboun, Minister of Economy, Finance and Administration Reform, held on Friday, April 9th 2021 a meeting with the president of the World Bank Group, Mr. David Malpass. So as Mr. Abdellatif Jouahri, Governor of Bank Al Maghrib, who also participated in the forementioned meeting.

On this regard, Mr. Benchaaboun congratulated the quality of the exemplary partnership which has long linked the Kingdom of Morocco and the World Bank group. He subsequently underlined the relevance of the response measures adopted by the Moroccan authorities at the outbreak of the pandemic, with a view to limiting the impact of the COVID-19 crisis on the national economy, in accordance with the High Directions of His Majesty the King.

He also reviewed the main priority reform projects undertaken by Morocco to promote a dynamic recovery and strengthen the resilience of the economy, citing in this regard, the economic recovery plan carried by the Mohamed VI Fund for investment, the work of the generalization of social protection and the reform of the public sector.

Within this framework, the World Bank has been invited to further strengthen its financial and technical support, to assist our country in its efforts to contain the effects of the crisis and to implement its development program.

For his part, Mr. Abdellatif Jouahri, Governor of Bank Al-Maghrib, invited the World Bank to provide Morocco with the suitable expertise, in order to support it in certain priority areas of development, in particular in terms of the resilience of the national productive fabric, integration of the informal sector and digitalization.

On his behalf, while emphasizing the World Bank's readiness to strengthen its support for Morocco's economic and social development efforts, Mr. Malpass did not miss to congratulate Morocco for its proactive and anticipatory strategy to mitigate the effects of the health crisis. As a result, he expressed the willingness of the World Bank Group to provide financial support and technical assistance to the various priority reform projects undertaken by the Kingdom of Morocco.

At the end of this meeting, they reaffirmed their commitment and their common will to successfully organize the annual meetings of the World Bank and the IMF, scheduled for Marrakech, in October 2022.