European Bank for Reconstruction and Development (EBRD) President Odile Renaud-Basso will visit Morocco from 4 to 6 December to meet with members of the government and the private sector and to attend the Africa Investment Forum (AIF).

At the AIF, the President will hold a fireside chat with Leila Benali, Minister of Energy Transition and Sustainable Development, focusing on opportunities for investors in Africa.

During the forum, President Renaud- Basso will also meet African Development Bank President Akin Adesina, President of the African Development focusing on the importance of the two institutions’ cooperation considering EBRD’s expansion to sub-Saharan Africa.

The President’s engagements will include meetings with Head of Government Aziz Akhannouch, Minister of Economy and Finance and EBRD Governor Nadia Fettah Alaoui and other line ministers.

During her visit, President Renaud-Basso will also meet with Central Bank of Morocco Governor Abdellatif Jouahri and General Confederation of Enterprises in Morocco (CGEM) President Chakib Alj.

President Renaud-Basso will also sign several new and important investment agreements in different sectors of the Moroccan economy.

Speaking ahead of her visit, President Renaud-Basso said: “We are committed to continuing to scale up our engagement in Morocco to support economic growth, regional integration and green economy potential while fostering equality of opportunity, particularly addressing youth unemployment and gender issues.”

“We commend the Moroccan authorities for their commitment to and progress on structural reforms across a number of sectors, in particular, state-owned enterprise modernisation and accelerating the green transition by opening up renewables and green fuels to private investors,” she added.

Morocco is a founding member of the EBRD and became an investee economy in 2012. To date, the EBRD has invested close to €5 billion in the country through 106 projects, of which more than 77 percent have been in the private sector. The Bank has provided advisory support funded by the European Union to more than 1,000 small and medium-sized enterprises.