The Annual Meetings of the European Bank for Reconstruction and Development (EBRD) were held in Marrakech from May 10th to 12th 2022, under the High Patronage of His Majesty King Mohammed VI. During this event, Mrs. Nadia FETTAH, Minister of Economy and Finance, took part on May 12th 2022, in the work of the Morocco Session, held under the theme 'Morocco Now, What Investment Prospects?
The aim of this session, which was attended by high-level panelists and speakers from the public and private sectors, was to promote the investment potential and business opportunities enjoyed by Morocco under its new name, especially in the renewable energy sector.
In this regard, the Minister of Economy and Finance highlighted the main axes of the national strategy of energy transition, launched by the Kingdom of Morocco for years, to diversify its energy mix, strengthen energy efficiency and take advantage of the potential of regional integration in the field of clean energy.
Similarly, Ms. Nadia FETTAH emphasized that Morocco, through its undeniable achievements in the field of renewable energy and its proximity to Europe, could offer real opportunities to strengthen energy security at regional level.
The day of May 12th 2022 also included the signing ceremony of a memorandum of understanding between Mrs. Nadia FETTAH, Minister of Economy and Finance and Mr. Serge EKUE, President of the West African Development Bank (BOAD).
The Minister of Economy and Finance took this opportunity to underline that the Memorandum of Understanding concluded by both parties will give more visibility to Moroccan operators, eager to explore the considerable economic potential of the West African region. It will also allow the countries of this region to benefit from the Moroccan expertise and know-how in the areas of the activity of the BOAD.
On his part, Mr. Serge EKUE said that the signing of this Memorandum of Understanding will offer important business and investment opportunities for Moroccan economic operators in West Africa, particularly through better access to information about the pipeline of potential projects requiring support in terms of expertise and technical assistance to the BOAD.
To recall, the BOAD is a financial institution, created in 1973, by the States of the West African Monetary Union whose purpose is to promote the balanced development of member states and contribute to the achievement of economic integration in West Africa. Morocco has been a shareholder in this Bank since 2013.