Mark Bowman, vice-president of the European Bank for Reconstruction and Development (EBRD).
Cooperation : The European Bank for Reconstruction and Development (EBRD) is intensifying its action in Morocco. Its vice-president Mark Bowman begins a series of meetings with the authorities and financial partners in order to open up new financing prospects
and to support the economic transformation of the country.
The European Bank for Reconstruction and Development (EBRD) is strengthening its commitment to Morocco. Visiting from June 24 to 26, its vice-president Mark Bowman will meet government officials and economic players to accelerate investments, support the green transition and stimulate the development of the private sector. “I am looking forward to traveling to Morocco again and meeting our partners from the public and private sectors. Building on our strong cooperation, we will continue to support Morocco’s economic priorities, including sustainable growth, strengthening the private sector and the transition to a greener economy,” said the official ahead of his visit.
Accompanied by Haytham Eissa, head of EBRD operations in Morocco, Mr. Bowman will explore with members of the government, in particular the Minister of Industry and Commerce and the Minister of Equipment and Water, avenues for strengthening cooperation with a view to increasing investments at the national level and mobilizing more private capital.
The emphasis will thus be placed on competitiveness driven by the private sector and inclusive growth as well as on the acceleration of the green transition and support for the reform program undertaken in the Kingdom.
The Vice President will also meet with public and private sector partners, including several local banks, to discuss current and upcoming projects and examine ways to expand access to financing and support private sector development in the country.
Cooperation with partner banks and businesses remains an essential pillar of the EBRD’s action in Morocco, in particular to support the transition to an economy more driven by the private sector and to promote sustainable growth. It should be recalled that Morocco, a founding member of the EBRD, became one of its countries of operations in 2012. Since then, the EBRD has worked closely with authorities and private sector partners to support the development of sustainable energy, infrastructure and access to financing. To date, the Bank has invested €6.2 billion in 129 projects across the country, 68% of which has benefited the private sector.
