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    Vice-President of African Development Bank to Visit Morocco Next Week

    The visit seeks to consolidate the “historic” and “exemplary” relations between Morocco and the African bank that date back to 1970.

    06 Jun 2022

    Rabat - The Acting Vice President of the African Development Bank (AfDB) Yacine Fal is set to participate from June 6 to 14 in numerous bilateral and regional meetings in Morocco to strengthen the continental bank’s “exemplary partnership” with the North African country.

    Reflecting on the “unique” relations between AfDB and Morocco, Fal said in an AfDB press release that 'the Kingdom [has] an important portfolio of operations and structuring reforms which position it as a leader in areas such as investment and regional integration.”

    In support of Moroccan reform efforts, the African bank has invested more than €12 billion in the health, human development, entrepreneurship, agriculture, transportation, finance, and energy sectors.

    Quoting an AfDB release, the Moroccan News Agency (MAP) reported that Fal will meet with Nadia Fettah, Minister of Economy and Finance; Younes Sekkouri, Minister of Economic Inclusion, Small Business, Employment and Skills; and Mohcine Jazouli, Minister Delegate in charge of Investment, Convergence, and Evaluation of Public Policies.

    In addition to the cabinet ministers, Fal will also meet with the heads of the General Confederation of Moroccan Enterprises (CGEM) Chakib Alj and Casablanca Finance City Authority Saïd Ibrahimi.

    The AfDB vice-president will additionally represent the continental bank in the meeting of the Committee of Fifteen Ministers of Finance of the African Union Commission (F15) organized by Morocco.

    She will notably participate in “The future of labor and the role of entrepreneurship and MSMEs,” a regional conference that will be held in Rabat on June 7-8.

    The regional event will gather experts and government ministers from Egypt, Morocco, and Tunisia to address the role of the digital revolution and the COVID-19 pandemic in accelerating structural changes in the North African labor market.

    Amid the economic fallout of the pandemic and the war in Ukraine, Morocco received in March more than $1 billion from the AfDP to support the country’s economic recovery. The money went to the projects in key sectors such as water, social inclusion, and infrastructure.

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