Benchaaboun calls for accelerating the conclusion of the Partnership Framework with the IFC

The Minister of Economy, Finance and Administration Reform, Mohamed Benchaaboun, spoke during a virtual meeting, Thursday, April 22, with Makhtar DIOP, new Managing Director and Executive Vice President of the Company Financial International (SFI), a subsidiary of the World Bank Group specializing in private sector development, to discuss post-Covid economic recovery.

During this meeting, the minister exposed the two main axes of the post-Covid recovery plan, namely the maximization of the leverage effect through the Mohammed VI Fund for investment and public sector reform.

In this sense, he called on the IFC to accelerate the conclusion of the multi-year partnership framework for financial and technical cooperation with this institution. This framework should focus on the areas of intervention of the IFC in terms of support for post-Covid recovery.

This meeting was also an opportunity for Benchaâboun to review the other priority reform projects undertaken, in accordance with the King’s High Guidelines, in particular the structuring project for the generalization of social protection.

For his part, Diop underlined the readiness of the IFC to strengthen its support, both financial and technical, for the Kingdom’s efforts in mobilizing the private sector in the dynamics of Morocco’s economic and social development.

In this regard, he expressed his institution’s commitment to rapidly finalize the Multi-year Partnership Framework and pointed out that Morocco is an anchor point in the MENA region and a hub in Africa.

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