Assahafa.com
Since His accession to the Throne, His Majesty King Mohammed VI has committed Morocco to a profound, bold and forward-looking transformation process, President of the African Development Bank (AfDB) Akinwumi Adesina said.
“The Sovereign’s signature is recognized through a Vision backed by action to achieve the set objectives,” Adesina underlined in an interview with MAP on the occasion of Throne Day.
He pointed out that for over a quarter of a century, major projects have been launched resulting in eloquent outcomes, noting that the Kingdom, a modernized country, is now one of the most stable economies in Africa, ranked among the continent’s most advanced nations, thanks to strategic reforms.
To him, the Kingdom’s development momentum is firmly anchored in the densification of road and highway network, improved access to rural areas and the generalization of access to drinking water.
Similarly, investment in human capital has become a national priority, through reform of the education and vocational training systems, support for innovative entrepreneurship and the promotion of strategic, traditional and cutting-edge sectors, he explained.
Adesina further stressed that the Kingdom’s progress is built on fundamental reforms, adding that through reconciling long-term public policies with structuring investments, Morocco succeeded in preserving macroeconomic stability, improving the performance of its institutions, stimulating economy integration into global value chains, and revitalizing its agricultural and industrial sectors.
These economic achievements are supported by significant social progress, including a remarkable reduction in poverty, longer life expectancy, and improved access to education and basic services in rural areas, he detailed.
On the subject of South-South cooperation, the AfDB President noted that Morocco’s commitment to Africa’s growth is well established, citing the organization, in December 2022 in Tangiers, of the 16th replenishment of the African Development Fund, raising a record amount of nearly $10 billion.
In 2023 and 2024, the Africa Investment Forum’s Market Days, held in Marrakech and Rabat respectively, generated tens of billions of dollars in investment intentions, Adesina pointed out. These major events reflect the Kingdom’s willingness to be a key player in transforming the African continent, he concluded.
Source: map
