Highlights

Conference between the Minister of Economy, Finance and Administration Reform Mr. Mohamed Benchaaboun and Ms Odile Renaux-Basso, President of the European Bank for Reconstruction and Development : 24/05/2021

Conference between the Minister of Economy, Finance and Administration Reform Mr. Mohamed Benchaaboun and Ms Odile Renaux-Basso, President of the European Bank for Reconstruction and Development

The Minister of the Economy, Finance, and Administration Reform Mr. Mohamed Benchaaboun, met by videoconference on Monday, May 24th 2021 with Mrs. Odile Renaud-Basso, President of the European Bank for Reconstruction and Development (EBRD). This meeting inaugurated the first official visit to the Kingdom of Morocco of Mrs. Renaud-Basso as new President of the EBRD.

During this "virtual visit", Mrs. Odile Renaud-Basso, will also meet with the Head of Government and other government officials as well as with representatives of the national private sector.

At the time of the video conference, while welcoming the quality of the relations between Morocco and the EBRD, Mr. Benchaaboun and Mrs. Renaud-Basso discussed topics of common interest, including: the prospects for the development of financial and technical cooperation and the institutional relations between the two partners.

Mr. Benchaaboun recalled specifically the main priorities of the Kingdom of Morocco in the context of the management of the current health crisis as well as the recently initiated reforms relating to the Public Sector, following the High Royal Guidelines. In this regard, the Minister invited the EBRD to continue and further strengthen its support for financing the private and public sectors in Morocco, in particular within the framework of the post-Covid recovery plan.

In this context, Mr. Benchaaboun welcomed the decision of the Board of Governors of the EBRD to organize its 31st Annual Meeting, scheduled for May 2022, in Marrakech - Morocco.

It should be noted that Morocco as a founding member of the EBRD since 1991, was granted the status of “beneficiary country” of the EBRD’s activities in 2013.  At the end of 2020, the total amount of the Bank’s portfolio in Morocco, in both the private and public sectors, amounted to nearly €2.9 billion.