Throne Day: Morocco Makes Huge Progress Under HM the King’s Leadership (WB Vice-President for MENA region)

Rabat - Morocco is making huge progress under the leadership of His Majesty King Mohammed VI, who is strongly committed to improving the living conditions of His people, said World Bank Vice President for Middle East and North Africa (MENA), Ousmane Dione."Poverty has declined significantly, electrification has progressed and life expectancy has increased (...) This demonstrates the Sovereign's commitment to improving the living conditions of the population," Dione told MAP on the occasion of the glorious Throne Day.Noting that the Kingdom's New Development Model has paved the way for even greater progress, he noted that reforms in the road, air, port and industrial infrastructure are stimulating investment and positioning Morocco as a regional hub and a major player in Africa's development.He highlighted "the significant investment momentum" that Morocco has experienced in recent years, with significant growth in foreign direct investment, stressing that the ongoing momentum in sectors such as automobi le, aerospace and electronics has strengthened the Kingdom's commitment to improving its local manufacturing production.Dione also said that Morocco has demonstrated, in recent years, its resilience in the face of crises, emerging stronger each time with the implementation of strategic reforms.In this context, he cited in particular the establishment of an ambitious recovery strategy, mobilizing substantial resources to support the economy and the launch of structural reforms to strengthen social and economic resilience in the aftermath of the Covid-19 pandemic."In response to the earthquake of September 8, 2023, we have also witnessed the swift reaction of the authorities, including in the design of large-scale development plans, and a surge of solidarity across the country and the world," he recalled.As for social reforms, Dione noted that they are a priority for Morocco and are among the most "ambitious" reforms underway in middle-income countries.Source: Agence Marocaine De Presse