The European Investment Bank (EIB) celebrated 20 years of presence in Morocco and nearly half a century of partnership with the kingdom on Tuesday, June 30, in Rabat.
The anniversary provided an opportunity to reaffirm the shared ambition to deepen the strategic cooperation in support of the kingdom’s development priorities.
The event took place in the presence of EIB President Nadia Calviño, Moroccan Minister of Economy and Finance Nadia Fettah, Deputy Head of the European Union (EU) Delegation to Morocco Daniele Dotto, as well as several prominent figures from the banking and private sectors.
On this occasion, Ms. Fettah highlighted the prospects for strengthening investment cooperation, the levers for mobilising the private sector, and the mechanisms for supporting the kingdom’s
development priorities.
The minister highlighted the positive momentum of key national macroeconomic indicators, which demonstrates the strength of the Moroccan economy’s fundamentals.
She also reiterated investment priorities for the coming years and the major reforms undertaken by the kingdom to bolster the resilience of the national economy and enhance its attractiveness.
The Moroccan official emphasised the essential role of the private sector as a strategic partner in the kingdom’s economic transformation.
In this regard, Ms. Fettah commended the EIB’s significant role in supporting this dynamic, calling for further strengthening of this partnership based on a principle of shared added value.
For her part, Ms. Calviño underscored the strength of the long-standing partnership between the EIB and Morocco, reaffirming that the kingdom is a strategic partner for both the EU and the EIB.
She indicated that the Bank’s financing aims to support projects contributing to shared prosperity and good neighbourliness in the region, reiterating the institution’s commitment to further deepening its relationship with Morocco in the coming years to support the kingdom’s key development priorities.
At the conclusion of the meeting, both parties reaffirmed their shared ambition to strengthen their strategic partnership and explore new avenues for collaboration, particularly within the framework of the New Pact for the Mediterranean.
For nearly 50 years, the EIB has been a key partner of Morocco and plays a central role as an EU investment engine, contributing to economic development, social cohesion, and climate action.
AK/Sf/fss/as/APA