Morocco’s Head of Government Aziz Akhannouch met with the President of the European Bank for Reconstruction and Development (EBRD), Odile Renaud-Basso on Thursday in Rabat, to discuss opportunities for bilateral cooperation.
During the talk, Renaud-Basso commended Morocco’s selection to host the fifth Africa Investment Forum (AIF). Key stakeholders participated at the AIF to facilitate the financing and implementation of development projects across Africa, according to a statement from the head of the government’s office, Morocco’s Press Agency (MAP) quoted.
Akhannouch expressed appreciation for the dynamic role of the EBRD in supporting infrastructure projects and accelerating Morocco’s energy transition. He also highlighted the importance of developing a new strategy that associates Morocco with the EBRD for the 2024-2029 period, to support green economy projects in Morocco, boost private sector competitiveness, strengthen social cohesion, and reduce spatial disparities.
Renaud-Basso noted “EBRD has made significant investments in Morocco, exceeding EUR 400 million this year, primarily in energy transition, carbon-neutral, women’s integration, and digitalizing the economy.” She pointed out that the bank’s priorities align with Morocco’s development objectives.
The two officials also reviewed the cooperation between Morocco and the EBRD. Morocco’s Minister of Economy and Finance Nadia Fettah also attended the meeting.
Since becoming a deployment hub for the bank’s operations in 2012, Morocco has benefited from investments totaling EUR over 4.7 billion, with 77% directed towards financing the private sector.