EBRD committed to supporting Morocco’s inclusive growth & post-Covid stimulus plan

EBRD committed to supporting Morocco’s inclusive growth & post-Covid stimulus plan

President of the European Bank for Reconstruction & Development (EBRD), Odile Renaud-Basso has voiced the Bank’s strong commitment to support Morocco’s economic recovery, regional integration, green economy, youth employment and gender equality.

Mrs. Renaud-Basso made the remarks during her virtual talks Monday and Tuesday with Moroccan officials including ministers of economy Mohamed Benchaaboun and Foreign Affairs Nasser Bourita.

In 2020, the Bank stepped up its engagement in the country, leading to a record year of €750 million of investment.

“We look forward to continuing to strengthen our partnership under a new country strategy to be prepared later this year, which will complement the post-Covid-19 economic recovery plan, as well as the new economic development model that Morocco is working on,” said the EBRD Chief.

She is expected to confer remotely this Tuesday with Head of Govt. Saad Eddine El-Othmani, minister of Agriculture & Fisheries Aziz Akhannouch as well as with minister of Industry, Trade, Green & Digital Economy Moulay Hafid Elalamy and Governor of Morocco’s Central Bank Abdellatif Jouahri.

The discussions will focus on Mohammed VI Fund for Investment, post-Covid-19 recovery and EBRD investment to support the country’s hardest-hit sectors, its economy and society in the years to come.

Morocco is a founding member of the EBRD. Since 2012, the Bank has invested more than €3 billion in Morocco through 73 projects and has three offices there, in Casablanca, Tangier and Agadir.

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