Morocco’s commitment to regional integration in Africa is “very strong”, Executive Secretary of the Economic Commission for Africa (ECA), Vera Songwe, said.
“Morocco’s commitment is very strong and its financial and agricultural sectors are present in several African countries,” Songwe said on the sidelines of her participation in the 52nd Session of the Economic Commission for Africa’s (ECA) Conference of African Ministers of Finance, Planning and Economic Development in Marrakech.
“We are pleased to learn that the agreement on the establishment of the African Continental Free Trade Area (AfCFTA) is discussed at the Moroccan parliament,” she said, noting that this reflects the commitment of the Kingdom to regional integration.
On this occasion, Songwe lauded the “solid” relationship between Morocco and ECA, noting that the two sides are working together on several issues, in particular statistics, the business climate, the labor market, digital technologies and the inclusion of gender equality.
The 52nd Session of the ECA’s Conference of African Ministers of Finance, Planning and Economic Development, which is held in a global context marked by rising trade tensions and rising oil prices, is an opportunity for African financial leaders to discuss the several challenges faced, particularly in terms of job creation, economic growth and investment.
This new session of the ECA’s Conference of African Ministers of Finance, Planning and Economic Development is held in Marrakech from 20-26 March 2019 under the theme “Fiscal policy, trade and the private sector in the digital era: A strategy for Africa.”
This year’s theme recognises the need to improve domestic resource mobilization on the continent and increase competitiveness leveraging on the strength of digital technology.
The conference provides an opportunity for African Ministers to examine the fiscal policies necessary for the implementation of the African Continental Free Trade Area (AfCFTA) within the frameworks of the 2030 Agenda for sustainable development and Africa’s development programme, Agenda 2063, and the critical role of private sector in the era of the digital economy.