Santa Cruz - Morocco called on Sunday at the G77 + China extraordinary summit for institutionalizing South-South cooperation through the inception of lasting cooperation mechanisms.
Santa Cruz – Morocco called on Sunday at the G77 + China extraordinary summit for institutionalizing South-South cooperation through the inception of lasting cooperation mechanisms.
In a speech at the extraordinary summit which opened on Saturday in the Bolivian city of Santa Cruz, Morocco’s Minister of Housing, Urban Planning and City Polity, Nabil Benabdellah, urged the G77+China member countries to gather the needed conditions to develop trade, promote investments and consolidate regional integration.
Benabdellah who led the Moroccan delegation to the summit held to mark the 50th anniversary of the group creation added that incentives are needed to reinforce the role of the private sector in South-South cooperation as a vital foundation for development and wealth-creation.
He further argued that a strategy is needed to mobilize the required financial resources to secure the efficiency of projects and cooperation actions, stressing that those are vital tools to take up challenges related to hunger, exclusion, schooling generalization, youth employment, financing development program and the establishment of an appropriate atmosphere for enterprises and the promotion of trade and investments.
He reaffirmed, in this context, Morocco’s constant interest, in accordance with orientations of King Mohammed VI, to intensify South-South cooperation and establish profitable projects and lasting cooperation mechanisms.
Benabdellah reiterated Morocco’s adherence to the time-honored values of solidarity, unity and territorial integrity of each country as well as its pledge to lend a new dynamism to economic cooperation with the Group member countries, particularly those of its Arab-African space.