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Economy Minister Highlights Morocco’s Resilience, under HM the king’s Leadership, in Dealing with Quake Effects

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Minister of Economy and Finance, Nadia Fettah, highlighted on Monday in Marrakech Morocco’s strong resilience and mobilization, under the leadership of HM King Mohammed VI, to cope with the effects of the Al Haouz earthquake.

Speaking during a debate moderated by Managing Director of the International Monetary Fund (IMF), Kristalina Georgieva, as part of the Annual Meetings of the IMF and the World Bank (WB), Fettah affirmed that Morocco had succeeded in recovering from this « tragedy », thanks to optimal mobilization of all stakeholders.

« Bringing the necessary aid to the stricken population was the top priority », she stressed, welcoming the return to school of children in the affected regions a week after the earthquake.

« Today, it’s all about rebuilding better, building to move forward, » the Minister stressed, noting that « when we are faced with a crisis, we reinvent ourselves for a better future, especially for the youngest. »

During the discussion, Fettah also highlighted the major reforms undertaken by the Kingdom, noting that « education remains a priority even in the management of this crisis ».

In addition to reforms, Morocco has introduced new sectoral economic strategies, she added, citing industry, agriculture, renewable energies and logistics as examples. These strategies « enable our economy to bounce back and attract more foreign investors », said Fettah.

Despite the effects of the earthquake, « we remain very attentive to the solidity of macroeconomic fundamentals and the prudent use of budgetary rules » to preserve balances and maintain this virtuous development dynamic, she concluded.

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