Highlights

Meeting of Mr. Benchaaboun with Mr. Makhtar Diop, new Managing Director and Executive Vice-President of the International Finance Corporation : 22/04/2021

Meeting of Mr. Benchaaboun with Mr. Makhtar Diop, new Managing Director and Executive Vice-President of the International Finance Corporation

The Minister of Economy, Finance and Administration Reform Mr Mohamed Benchaaboun, held a virtual meeting on Thursday, April 22nd 2021, with Mr. Makhtar DIOP, the new Managing Director and Executive Vice President of the International Finance Corporation (IFC), a World Bank Group subsidiary specializing in private sector development.

During the meeting, the Minister of Economy, Finance and Administration Reform presented the two main areas of the post-Covid recovery plan, namely (i) maximizing leverage through the Mohammed VI Investment Fund and (ii) public sector reform.

Within this framework, he called on the IFC to accelerate the conclusion of the Multiannual Partnership Framework for Financial and Technical Cooperation with this institution. This framework should address the areas of IFC intervention in support of post-Covid recovery.

This meeting was also an opportunity for Mr. Benchaaboun to review the other priority reform projects undertaken, in accordance with the High Guidelines of His Majesty The King, in particular the project structuring the generalization of social protection.

For its part, Mr. Diop emphasized the readiness of the IFC to strengthen its support, both financial and technical, to the efforts of the Kingdom in terms of mobilization of the private sector in the dynamics of economic and social development of Morocco. In this regard, he expressed its institution’s commitment to rapidly finalize the Multiannual Partnership Framework.

Ultimately, Mr. Diop pointed out that Morocco is an anchor point in the MENA region and a hub in Africa. In that respect, Morocco has an important role to play as a platform to attract private investment at the national and regional level.