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Tuesday 6 March 2018

Morocco Supports AfDB Initiatives to Strengthen its Financing Capacity

Vocal synthesis
Morocco Supports AfDB Initiatives to Strengthen its Financing Capacity

Minister of Economy and Finance Mohammed Boussaid reiterated, Tuesday in Abidjan, Morocco's support for the African Development Bank (AfDB) initiatives aimed at strengthening its financing capacity to better meet the demands of Africa's development and the needs of its member states.

This came at a special meeting, organized by president of AfDB Group, Akinwumi Adesina, with the Bank's governors of the North Africa region (Morocco, Tunisia, Libya, Algeria, Mauritania and Egypt), said the ministry of Economy and Finance in a statement.

This meeting notably tackled the issue of AfDB's 7th General Capital Increase, which is expected to raise the Bank's financing capacity to achieve its objectives as part of its "High5s", namely Light up and Power Africa; Feed Africa; Industrialize Africa; Integrate Africa; and Improve the Quality of Life for the People of Africa.

MAP-06/03/2018