Moroccan king urges banking sector to support development

Source: Xinhua| 2019-10-12 04:27:09|Editor: yan
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RABAT, Oct. 11 (Xinhua) -- Moroccan King Mohammed VI on Friday urged the banking sector in the North African country to be more effectively involved in the country's development.

Banks "should focus on financing investment projects and support productive activities that create jobs and generate income," said Mohammed VI in his opening speech of the new session of the parliament.

He also called for the development of a special program to provide financial support to young graduates and fund small self-employment projects.

Morocco announced recently its intention to set up an ad-hoc committee for the elaboration of a new development model to tackle social inequalities.

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