The head of the Moroccan government took part in the Annual Meetings of the World Bank Group and the International Monetary Fund in Marrakech

Akhannouch stresses the major reforms carried out under the "leadership" of the King of Morocco and the great international recognition received

PHOTO/FILE - Aziz Akhannouch
PHOTO/FILE - Aziz Akhannouch

"The major reforms carried out under the King's leadership are highly praised by international actors," said Aziz Akhannouch, Prime Minister of Morocco, during his speech at the Annual Meetings of the World Bank Group (WBG) and the International Monetary Fund (IMF) in Marrakech.  

The head of the Moroccan government praised the important reforms carried out by the North African country in the last two decades, since King Mohammed VI acceded to the throne in 1999, initiatives that have been praised internationally, as Akhannouch himself stressed. 

In the last twenty years, Morocco, under the leadership of King Mohammed VI, has undertaken "ambitious and proactive" reforms, as the head of government said on Monday in Marrakesh. A path that has put Morocco on the right track thanks to the determination of the executive, which is implementing the road map set out by the Alaouite monarch.

These reforms "have laid the foundations for a profound and lasting transformation of our economy and have enabled the Kingdom to consolidate its resilience and preserve its macroeconomic balances", Akhannouch said during the presentation of the text "Morocco in search of stronger and more inclusive growth", within the framework of the Annual Meetings of the WB Group and the IMF, as indicated by the official Moroccan news agency MAP. 

PHOTO/FILE - Aziz Akhannouch y Kristalina Georgieva
PHOTO/FILE - Aziz Akhannouch and Kristalina Georgieva

Akhannouch pointed out that this document, published by the IMF, presents very remarkable initiatives and clearly illustrates the Kingdom's determination to achieve ambitious goals in terms of economic and social development, stressing that "Morocco is at a decisive crossroads in its history". 

"This crucial moment evokes a period of introspection, which we want to make the most of. In this regard, we are working to implement the far-reaching strategic vision initiated by His Majesty the King, which specifies the ambitions, development objectives and levers of change likely to unleash energies and accelerate our country's march towards progress and prosperity," Akhannouch explained, as reported by MAP agency.

"We are determined to build a society of solidarity and justice. Thus, in application of the High Royal Guidelines, we have launched, from 2021, a series of reforms to strengthen institutional cohesion and social protection systems," Akhannouch stressed. This comes at a very important moment of national development that is allowing the Moroccan kingdom to position itself among the most economically prominent countries at the international level, with great recognition by the most relevant nations for the important efforts made by the North African country; and also at a time when the country has overcome the terrible consequences of the devastating earthquake of 8 September, measuring 6.8 on the Richter Scale, demonstrating the strength and resilience of the country.  

The head of government highlighted this "strong resilience" of the Kingdom in the face of crises, explaining that emergency logistical and humanitarian measures were put in place, under the instructions of King Mohammed VI, to overcome the effects of the earthquake. 

PHOTO/FILE - Kristalina Georgieva, Ajay Banga y Aziz Akhannouch
PHOTO/FILE - Kristalina Georgieva, Ajay Banga and Aziz Akhannouch

Aziz Akhannouch also stressed the importance attached to strengthening the health system, improving the quality of the education system and promoting scientific research and innovation, considering that growth must be inclusive, but also sustainable and respectful of the environment. The head of government also highlighted Morocco's important role in renewable energies, with the intention of tripling installed capacity in wind and solar energy and betting heavily on green hydrogen, as reported by La Vie Eco.  

Aziz Akhannouch also noted that his meetings with the managing director of the IMF, Kristalina Georgieva, and the president of the World Bank Group, Ajay Banga, provided an opportunity to discuss Morocco's remarkable experience in managing the effects of the Al-Haouz earthquake. 

In this regard, he noted that these meetings were also an opportunity to deepen the multiple perspectives in several areas, including renewable energies, tourism and the issue of water, to which the Kingdom has devoted significant investments. 

In addition, the head of government stressed that the choice of Marrakech by these international institutions to host these meetings shows the confidence in the Moroccan Kingdom following the reforms implemented, several of which have been implemented efficiently with the funds provided by the World Bank and the International Monetary Fund.