African Development Bank investment in Morocco exceeds 1.4 bln USD

Source: Xinhua| 2019-05-30 06:20:39|Editor: Mu Xuequan
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RABAT, May 29 (Xinhua) -- The investment of the African Development Bank (AfDB) in Morocco has exceeded 1.4 billion U.S. dollars, according to a statement from the office of Moroccan Prime Minister Saad Eddine El Othmani on Wednesday.

The investment covers sectors of economic and social development, the statement said following a meeting between El Othmani and Vice President of the AfDB for regional development, integration and business delivery, Khaled Sherif.

During the meeting, the two parties discussed means to further strengthen and expand partnership between the kingdom and this institution, the statement said.

The talks also touched on promoting employment, increasing the share of industry in GDP, bolstering the competitiveness of the Moroccan economy, improving its rankings in several international indicators and enhancing the attractiveness of foreign investment, the same source added.

El Othmani noted the structural reforms carried out by the government through the implementation of several programs, particularly those aimed at reinforcing the public-private partnership and reforming the education and training system as part of the 2015-2030 strategy.

For his part, the AfDB vice president expressed the bank's readiness to support Morocco in its various structural strategies.