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The Minister of Finance of Morocco Hails AfDB Support for Green Growth in his Country


During a working visit to the African Development Bank (AfDB) in Tunis on 3rd May 2013 , Nizar Baraka,  Moroccan Minister of  Finance, and Chairman of the AfDB Board of Governors,  welcomed the support of the Bank to his country’s quest  for  green growth. In his words, the AfDB is the country’s leading partner. «The Institution works hand in hand with us and is the driving force of our economy towards  green growth,» he said.

Baraka urged the AfDB  to assert its role as leader in Africa’s development before making an assessment of  the state of progress of the preparations of the AfDB Annual Meetings to be held in  Marrakech,  Morocco from  the  27th  to  31st  May 2013. « These meetings will be a turning point for Africa,» he concluded.

The President of the AfDB, Donald Kaberuka,  welcoming the minister  expressed satisfaction about the commendable  relations between the Institution and his country, and laid emphasis on the volume and quality of the country’s portfolio, making Morocco the Institution’s leading client in the past years.

Baraka found the theme of the Annual Meetings, “Africa’s structural transformation”, to be very  pertinent “for our continent poised to play a primal  role  worldwide.” According to the Chairman of the Board of Governors,  discussions on this subject will help illustrate  best practices  and define the modalities required for this  transformation.   

He expressed satisfaction about the remarkable enthusiasm surrounding the Annual Meetings which will be a  ”turning point for Africa.”  Addressing the Board of Directors, Baraka  acknowledged the excellent  financial results of the Bank and its initiative to establish an infrastructure fund.

The AfDB is the lead donor in Morocco with operations focused on  infrastructure, human development, governance and energy.


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