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IMF highlights Morocco’s action on vaccination and economic recovery

The Managing Director of the International Monetary Fund (IMF), Kristalina Georgieva, praised the work done by Morocco as part of the anti-Covid vaccination campaign and efforts to revive the economy.

In the Arab world, several countries “are doing really well, particularly the States of the Gulf Cooperation Council (GCC) and Morocco, in terms of vaccination and reopening of their economies”, noted Kristalina Georgieva in a speech, on the occasion of the ministerial meeting of the Arab Public Finance Forum held in virtual mode.

She also noted “remarkable” policies implemented to get the most out of tax policy. Referring to the role of technology in strengthening transparency, the CEO of the Bretton Woods institution cited the example of the Moroccan platform Chikaya which “remarkably” dealt with 7,000 public complaints, noting that the majority of users are satisfied, which, according to her, consolidates the foundations of a “transparent and responsible” public policy.

In addition, Georgieva indicated that the foundations of the global economic recovery remain solid, specifying that the international financial institution expects a growth rate of 4.4% for the Arab world in 2021 and 4.5% in 2022. She further underlined the need to make Arab economies “more sustainable” and “more resilient” to climate shocks.

“We witnessed in Glasgow key commitments, including financial ones, to support the transition to the new climate economy, a low-carbon economy that is also resilient to shocks, which is very important for many Arab countries”, said the Managing Director of the IMF.

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