The Head of Government Meets with the President of the European Bank for Reconstruction and Development (EBRD)
The Head of Government, Mr. Aziz Akhannouch, held discussions on Thursday, December 5, 2024, in Rabat with Ms. Odile Renaud-Basso, President of the European Bank for Reconstruction and Development (EBRD), in the presence of Ms. Nadia Fettah, Minister of Economy and Finance. The meeting provided an opportunity to review major development projects initiated by the Kingdom of Morocco under the enlightened leadership of His Majesty King Mohammed VI, may God assist him.
The discussions also served to commend Morocco’s selection as the host for the fifth edition of the Africa Investment Forum, held under the High Patronage of His Majesty King Mohammed VI. The forum is taking place from December 4 to 6 in Rabat, bringing together key stakeholders to facilitate the financing and implementation of development projects across the African continent.
On this occasion, the Head of Government praised the dynamic efforts of the EBRD in supporting infrastructure projects and accelerating the energy transition in Morocco. He emphasized the importance of devising a new strategy for collaboration between Morocco and the EBRD for the 2024–2029 period. This strategy would aim to support green economy initiatives, enhance the competitiveness of the private sector, strengthen social cohesion, and reduce regional disparities in Morocco, all in alignment with the vision of His Majesty King Mohammed VI, may God assist him.
Ms. Odile Renaud-Basso highlighted that the EBRD has made substantial investments in Morocco, exceeding €400 million this year. These investments primarily target energy transition, carbon-neutral sectors, women's integration, and the digitalization of the economy. She stressed that the EBRD's priorities align closely with Morocco's development goals.
Furthermore, the two officials reviewed the cooperative relations between Morocco and the EBRD. Since Morocco became a beneficiary of the bank's operations in 2012, the Kingdom has received investments totaling €4.74 billion, 77% of which were directed toward financing the private sector.
