Home Economy African Development Bank to Visit to Morocco Strengthen Cooperation

African Development Bank to Visit to Morocco Strengthen Cooperation

The headquarters of the African Development Bank (AfDB) are pictured in Abidjan, Ivory Coast

Rabat – A delegation from the African Development Bank (AfDB), composed of 13 officials  and led by Vice President of Regional Development, Regional Integration, and Service Delivery, Khaled Sherif, will hold a working visit in Morocco from January 29 to February 2.

This visit will also see the presence of senior executives of the African institution, including Leila Farah Mokkadem, AfDB Country Manager in Morocco. The meeting’s aim is to check in with ongoing projects, while strengthening cooperation between the bank and Morocco.

During the five days of the mission, Sherif and Mokkadem will hold talks with several Moroccan government officials. The AfDB delegation will meet with senior officials from the public and private sectors.

The bank will also participate in a meeting organized by Morocco, the International Monetary Fund (IMF), the Arab Monetary Fund (AMF), and the Arab Fund for Economic and Social Development (AFESD) in Marrakech.

Over the course of the trip, the delegation will carry out field visits to project sites, such as the Marrakech Drinking Water Supply Project and the third airport program.

In nearly 50 years of partnership, the AfDB has granted over USD 10 billion of financing to Morocco. The bank’s active portfolio in the kingdom currently has 33 projects and programs, totaling a financial commitment of USD 3.1 billion.

This funding, of which more than 85 percent is dedicated to basic infrastructure, covers different sectors, including energy, transport, water and sanitation, agriculture, and social development.

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