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EBRD President to Visit Morocco on Feb. 20

President of the European Bank for Reconstruction and Development (EBRD), Suma Chakrabarti, will pay a visit to Morocco on February 20th, said Friday the bank in a statement.

During his visit to the Kingdom, Chakrabarti will hold talks with several Moroccan officials on strengthening cooperation with the EBRD, said the same source.

Quoted by the statement, Chakrabarti said the EBRD is committed and ready "to further support Morocco and empower the private sector with a special emphasis on job creation and inclusion," praising the Kingdom's efforts in the economic and social fields.

“Morocco has made good progress in economic reform and development and we look forward to contributing to the country's economy with more investments,” he stressed.

Morocco is a founding member of the EBRD and became a country of operations in 2012. To date, the Bank has invested over €1.5 billion in 36 projects in the country. The Bank has also supported close to 400 Moroccan small and medium-sized enterprises with business advisory services.

The EBRD delegation will include Douglas Nevison, Board Director for Morocco; Janet Heckman, Managing Director for the southern and eastern Mediterranean region; and Marie-Alexandra Veilleux-Laborie, Head of the EBRD’s office in Morocco.