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UNCTAD: Morocco’s “major role” in the development of Africa

The United Nations Conference on Trade and Development (UNCTAD) hailed, through its secretary-general, Mukhisa Kituyi, the contribution and major role of Morocco in strengthening South-South cooperation and the development of African continent.

During a virtual exchange held Wednesday in Geneva, with the Group of member countries of the Non-Aligned Movement (NAM), Kituyi, highly praised Morocco’s role as an important promoter of South-South cooperation and the Kingdom’s commitment to consolidate, through multiple initiatives, its relations of cooperation at continental level.

Reacting to the intervention of the Ambassador of Morocco to the United Nations Office at Geneva, Omar Zniber, the Secretary-General of UNCTAD, praised, in this sense, the leadership of the Kingdom in the flow of capital concerning the continent African and the major contribution of Morocco to the development of investments and growth in Africa.

During this meeting, focusing on the consequences of the major economic crisis resulting from the Covid-19 pandemic, Kituyi, while recalling the content of the reports published recently by UNCTAD, noted the extremely negative impact on the economies developing countries, emphasizing the contacts that its organization is carrying out with the various multilateral partners to circumscribe the economic, social and commercial damage of this crisis.

In his speech, Zniber insisted on the promotion of South-South cooperation as an essential tool to be used to seize all the opportunities available in cooperation between developing countries and measures to contain the crisis, emphasizing the multiple initiatives taken in this regard by HM King Mohammed VI and in particular the substantial and substantial aid deployed on the African continent.

He also drew attention to the crucial role of new technologies in economic recovery, in particular through digital which offers exceptional opportunities to be seized by developing countries, recalling “the strong commitment of Morocco in this direction, including through the E-commerce/Africa conference which he intends to organize as soon as the sanitary circumstances allow it”.

Zniber also emphasized the important role of regional financial institutions in supporting stimulus packages undertaken by developing countries, such as the African Development Bank (AfDB) in Africa.

During this meeting, discussions focused on various themes, including the relocation and reorganization of value chains, in addition to questions related to the renegotiation of the debt of the countries of the south.

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