Benchaaboun meets in Washington with IMF Managing Director and President of The World Bank

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Minister of Economy and Finance Mohamed Benchaaboun held a meeting in Washington with IMF Managing Director Christine Lagarde on the occasion of her participation in the Bank’s Spring Meetings World Bank and the IMF.

During the meeting, which took place on Friday, Benchaaboun and Lagarde welcomed the progress of the preparations for the organization of the 2021 Annual Meetings of the IMF and the World Bank in Marrakech. In this regard, the Minister of Economy and Finance has reaffirmed the commitment of Morocco to ensure the success of this important event, said a statement from this department.

This meeting was, moreover, the occasion, according to the same source, to recall the efforts made by Morocco in economic and financial matters.

In this regard, Mr. Benchaaboun underscored the Kingdom’s desire to “pursue the reforms, as part of the reflection on the new development model, with the aim of promoting job creation, strengthening human capital and to create the levers for greater involvement of the private sector”.

For its part, the IMF Managing Director “hailed the performance of the Moroccan economy and the relevance of the policies undertaken and reaffirmed the support of its institution to Morocco’s efforts to accelerate the implementation of reforms to strengthen margins maneuver and promote stronger and inclusive growth”.

During his stay in Washington, the Minister of Economy and Finance also had talks with World Bank (WB) President David Malpass. The WB and IMF meetings were held in the US federal capital from April 8 to 14, with representatives from member countries of the two international institutions, the private sector, NGOs, academia and the media, to discuss global issues: global economic conditions, poverty alleviation, economic development, aid effectiveness …

Morocco was officially designated in April 2018 to host the 2021 edition of the annual meetings of the WB and the IMF, following a process of evaluation of applications submitted by 13 countries.