The European Bank for Reconstruction and Development (EBRD) is determined to strengthen its engagement with Morocco, in order to support the country’s economic growth, its regional integration and the potential of its green economy, its president, Odile Renaud, said on Tuesday. -Basso.
In a press release announcing her visit to Morocco, from December 4 to 6 to take part in the Forum on Investment in Africa which will take place in Rabat, Ms. Renaud-Basso welcomed the commitment of the Moroccan authorities, while welcoming the progress made by Morocco in terms of structural reforms, in particular the modernization of public enterprises.
The president of the London-based financial institution also welcomed “the acceleration of the green transition” in the Kingdom.
According to the press release, Ms. Renaud-Basso will take advantage of her visit to Morocco to meet with Moroccan officials and representatives of the private sector. She also intends to take advantage of her participation in the Africa Investment Forum to meet representatives of the continent’s banks, notably the African Development Bank (AfDB), in order to strengthen » the strategic partnership to support small and medium-sized enterprises ( SMEs) in sub-Saharan Africa.
Morocco is a founding member of the EBRD and became an investment-receiving economy in 2012. To date, the Bank has invested nearly €5 billion in the country through 106 projects, of which more than 77% is in the private sector.
