This article was automatically translated from HIBAPRESS, the Arabic version:
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HIBAPRESS-RABAT-MEF
The Minister of Economy and Finance, Ms. Nadia Fettah, received, Wednesday November 27, 2024 at the ministry’s headquarters, Mr. Badr Mohamed Al Saad, Director General and Chairman of the Board of Directors of the Arab Fund for Economic Development and social (FADES), who is making a working visit to Morocco from November 27 to 29, 2024, accompanied by a large delegation of FADES officials.
The meeting was an opportunity to review the different aspects of cooperative relations between Morocco and the Arab Fund for Economic and Social Development (FADES) and to discuss ways to strengthen and develop them, in accordance with the various development strategies and programs launched by Morocco under the wise leadership of His Majesty King Mohammed VI, may God help him.
At the start of the meeting, the minister praised the quality of the partnership relations between the Arab Fund and the Kingdom of Morocco, expressing her thanks to Mr. Badr Mohammed Al Saad for the Fund’s continued support to the development process in Morocco. In addition to the Fund’s continued support for the government’s efforts in traditional sectors such as infrastructure, Ms. Fettah expressed her aspiration to strengthen the partnership between the two parties in terms of supporting the Moroccan private sector and promoting public-public partnership. private sector, important for the realization of the Kingdom’s development projects and the strengthening of the leading role of the private sector in the creation of wealth and jobs.
In the same context, the Minister underlined the availability of the Kingdom of Morocco to engage and contribute to the success of the new FADES strategy for the period 2025-2030, presented by the Director General and Chairman of the Board of Directors. of the FADES during the meeting, and called for the development of a roadmap for bilateral cooperation with the FADES which includes a diagnosis of the priority development needs of the Kingdom in parallel with the development priorities targeted by the FADES.
For his part, Dr Badr Mohamed Al Saad reviewed the main features of the new FADES 2025-2030 strategy, which identifies five priority sectors, namely energy, water and sanitation, transport and logistics, healthcare and education, supported by five thematic areas, including job creation and economic growth, reducing inequality, supporting adaptation and resilience, strengthening integration and regional cooperation, and support for technological innovation and digitalization.
Mr. Badr Mohamed Al Saad also underlined the permanent availability of the Fund to continue to support the development efforts of the Kingdom and to support Morocco in the structuring projects that have been initiated.
