Rabat – Morocco is a genuine development financing model, said, on Thursday in Rabat, the African Development Bank (AfDB) Country Manager for Morocco, Achraf Tarsim.
“Morocco is a model in development financing whose best practices could be replicated elsewhere on the continent,” Tarsim said during a panel themed “Mobilizing Domestic Savings to Finance Tomorrow’s Projects” as part of the annual conference of the Association of Moroccan Management Companies and Investment Funds (ASFIM).
He considers that Morocco is situated in an exceptional window of opportunity to attract international investments, led by its solid institutions and ambitious public policies.
In this respect, he identified three priority levers to boost the financing of projects, namely credit enhancement, by generalizing the guarantees provided by institutions such as Tamwilcom, the development of the bond market and the improvement of the quality and preparation of projects, by creating dedicated funds and a better structuring of public-private partnerships.
On this occasion, Tarsim mentioned the partnership between Morocco and AfDB, highlighting the Kingdom’s prime position in the Bank’s portfolio, as a leading partner.
