The European Bank for Reconstruction and Development (EBRD) will hold its 31st annual meeting and business forum next May in Marrakech, the London-based institution has announced.
The holding in Morocco of this event, which will open on May 10, illustrates “the attractiveness of the Kingdom as a business center and a leading tourist destination”, underlined the Secretary General of the EBRD, Kazuhiko Koguchi, quoted by a press release from the Bank.
“The EBRD’s Annual Meeting, which is the Bank’s annual meeting of shareholders, is an opportunity to demonstrate our commitment to our countries of operations and to reinvigorate their economies after two years of pandemic-related restrictions”, noted Kazuhiko Koguchi.
And to continue that “the holding of this event in Morocco underlines the contribution of the EBRD to strengthening the resilience of the country and illustrates its attractiveness as a business center and first-class tourist destination”.
This is the first annual meeting held by the EBRD in a North African country.
Scheduled in hybrid mode, this three-day event comes after two annual sessions that took place in a virtual format due to the coronavirus pandemic.
Under the theme “addressing challenges in a turbulent world”, the EBRD meeting will be “an opportunity to discuss the war in Ukraine, as well as global challenges such as supporting economic growth, combating climate change and the strengthening of the business environment in the regions where the Bank invests”, specifies the financial institution.
Business Forum panels will focus on digitalization, sustainability and the transition to a green economy, mobilizing private capital, equality and inclusion, alongside other hot topics.
The EBRD Annual Meeting brings together government officials, business personalities, policy makers, academics and opinion leaders.
In addition to the meeting of the Board of Governors, the assembly will be marked by a varied program of side events, such as the Business Forum (including a session on investment prospects in Morocco), activities for civil society organizations calendar and the annual donor meeting.
Morocco is a founding member of the EBRD. To date, the EBRD has invested more than €3.2 billion in Morocco through 83 projects.