IMF director congratulates Morocco on his fight against corruption

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The Managing Director of the International Monetary Fund (IMF), Kristalina Georgieva, congratulated Morocco for its efforts in the fight against corruption.

“The success of anti-corruption efforts contributes to achieving sustainable development and improving the standard of living of citizens, which requires a unified vision based on the participation of all citizens,” said Georgieva in the occasion of a seminar organized on Thursday in Rabat, jointly by the IMF, the Ministry of Economy, Finance and Administrative Reform and Bank Al-Maghrib on “governance in Morocco”.

Georgieva also stressed the need to resolutely engage in the fight against this phenomenon by strengthening the actions already carried out in this direction while “placing this battle at the heart of the concerns of the government”.

Within the IMF, “we calculated in 2016 the cost of corruption for society in terms of ineffectiveness of public spending that does not serve their objectives and we concluded that this considerably hampered economic progress”, noted the Chief from the international financial institution, noting that governments must redouble their efforts to achieve these same goals.

In addition, Georgieva recalled that her visit to Morocco constitutes an opportunity to discuss preparations for the annual meetings of the IMF and the World Bank (WB), scheduled for October 2021 in Marrakech, noting that this event will bring together presidents, parliamentarians, finance ministers and representatives of civil society.

For his part, the director of the Middle East and Central Asia department at the IMF, Jihad Azour, indicated that this meeting is intended to discuss the theme of governance and its importance in achieving growth and sustainable development, a theme which, according to him, is very important in the Arab world and in Morocco, in particular.

And to continue that this day is also an opportunity to discuss the priorities in terms of governance and the possibility for the IMF to integrate these priorities in its work and throughout the world, especially in the context of the reforms undertaken by the countries of the region.