Economy

HM King Mohammed VI: Morocco’s hosting of the World Bank and IMF annual meetings demonstrates the Kingdom’s commitment to strengthening international relations

 

His Majesty King Mohammed VI indicated in a message addressed to the participants of the Annual Meetings of the World Bank and the International Monetary Fund (IMF), taking place from October 9 to 15 in Marrakech, that “the hosting of these Annual Meetings by Morocco reflects confidence in the strength of our institutional framework and infrastructure, as well as in our commitment to contribute to the strengthening of international relations.” The Sovereign emphasized that “Morocco’s approach prioritizes economic openness and cooperation,” highlighting that this approach has enabled the Kingdom to align itself with various global agendas, including economic development, combating climate change, as well as the fight against terrorism, money laundering, and the rise of cybersecurity threats resulting from the digital revolution.”

King Mohammed VI’s message conveys several key points that reflect Morocco’s vision for international relations and its approach to global challenges:

  • First, Morocco’s willingness to host such a prominent global event demonstrates its commitment to fostering stronger international relations and a testament to the country’s stability, capability, and reliability as a host. By offering its hospitality for such prestigious meetings which encompasses 189 member nations, Morocco signals its dedication to playing a central role in the global arena, promoting dialogue, cooperation, and economic development as well.
  • The mention of “economic openness and cooperation” in the message underscores Morocco’s strategic focus on economic diplomacy, setting the stage for fruitful collaborations with other nations.
  • By addressing economic development, the Sovereign underscores Morocco’s dedication to improving living standards, reducing poverty, and achieving sustainable growth. This showcases Morocco’s determination to contribute positively to global development efforts.
  • The mention of climate change is particularly noteworthy. It reflects Morocco’s awareness of the pressing need to combat the environmental crisis and transition toward a more sustainable future. In this vein, Morocco has actively engaged in initiatives related to climate change, including hosting the 2016 United Nations Climate Change Conference (COP22). The King’s reference to this issue signals Morocco’s continued commitment to addressing climate change and promoting environmentally responsible practices.
  • Morocco’s commitment to combating terrorism, money laundering, and the rise of cybersecurity threats aligns with global efforts for protecting national interests, global security and financial stability. By actively participating in these efforts, Morocco reinforces the broader international consensus that these multifaceted issues are global concerns demanding a unified and collaborative approach. This commitment showcases Morocco’s dedication to not only securing its own nation but also contributing significantly to the overall stability and prosperity of the international community.
          

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