The African Development Bank will grant Morocco nearly one million US dollars intended to support efforts to improve the business climate and to strengthen the country’s resilience in the face of COVID-19 economic crisis by accelerating the country’s post-pandemic recovery. The grant agreement was signed Monday by Morocco’s Ministry of Economy & Finance and the African financial institution. “Maintaining in these times of crisis the momentum of reforms that improve the business climate is a priority to protect entrepreneurship and preserve business growth,” said Mohamed El Azizi, Managing Director of the AfDB for North Africa. “This partnership is all the more important as it comes at a time when the Kingdom is mobilizing all of its vital forces to successfully end the crisis,” he added. The partnership will thus help accelerate the implementation of measures to improve the business environment in Morocco.

Source: The North Africa Journal May 04, 2021 12:11 UTC