Morocco-IMF cooperation prospects reviewed in Washington

Morocco-IMF cooperation prospects reviewed in Washington

Cooperation prospects between Morocco and the International Monetary Fund, in view of the World Bank and IMF Spring Meetings, scheduled in Washington April 17-19, were reviewed at a meeting between Morocco’s Ambassador to the United States, Youssef Amrani, and IMF Managing Director, Kristalina Georgieva.

During the working meeting, Kristalina Georgieva commended Morocco for the excellent and successful organization of the World Bank and IMF Annual Meetings that took place in Marrakech in October 2023.

The IMF official also hailed the significant economic progress made by Morocco under the leadership of King Mohammed VI, as well as its exemplary role in social construction and development.

She further affirmed that Morocco is a model of resilience and post-earthquake management thanks to targeted and effective government actions.

For his part, Youssef Amrani hailed the long-standing cooperation between Morocco and the IMF which continually materializes in concrete actions through technical assistance programs and more recently through financing mechanisms, such as the Flexible Credit Line and the Resilience and Sustainability Facility.

The Ambassador recalled the main axes of Government policies aimed at improving macroeconomic balances and effectively implementing Morocco’s development strategies in various sectors.

He also reiterated the importance of reforming the Bretton Woods institutions to ensure a stronger voice for Africa, respond to new socio-economic challenges, and promote more inclusive multilateralism.

The working meeting is part of the follow-up to the important achievements made during the Annual Meetings in Marrakech and demonstrates the common will to strengthen the partnership between Morocco and the IMF and promote sustainable and inclusive economic growth in the Kingdom.

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