Bernama – Malaysian News Agency
RABAT, Sept 7 (BERNAMA-NNN-MAP) — The Moroccan economy continues to show a solid and good performance despite the global economic crisis, says the Vice-President of the World Bank for the Middle East and North Africa (MENA), Inger Andersen.
“Considering the difficult economic situation that many countries are going through, particularly the crisis in the eurozone, the Moroccan economy is still showing solid performance,” Anderson told journalists after a meeting here Thursday with Moroccan Prime Minister Abdelilah Benkirane.At a time when the world is experiencing a financial and economic crisis, “Morocco has achieved a growth rate of nearly 5.0 per cent in 2011, which is a very big achievement” in an unfavourable global environment, she added. She welcomed the government’s National Initiative for Human Development (INDH), which she said could be a model to be followed by other countries in the region which could learn from the Moroccan experience in sustainable development.Last June, the World Bank approved a loan of US$300 million for Morocco to support the second phase of the INDH, which aims to provide improved services and economic opportunities for disadvantaged communities in urban and rural areas of the Kingdom.Anderson said she had discussed with the prime minister the government reforms underway in Morocco in various fields, including those relating to the Subsidy Fund, strengthening transparency and the promotion of the business climate.– BERNAMA-NNN-MAP
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