Morocco and the AfDB sign two important conventions

The two conventions, initialled yesterday, Friday, in the ochre city by Nizar Baraka, Minister of Economy and Finance, and Aly Abou Sebaa, Vice-President of the AfDB, further strengthen the exemplary partnership and the privileged relations between the Kingdom and the Bank. The first agreement concerns the use of Moroccan procurement procedures in the context of national tenders launched for projects financed by the AfDB. The agreement is likely to bring "a real advantage to the national company", affirms the Minister. The second convention relates to a donation from the bank, intended for the modernisation of the organisational framework for debt management. This donation will be used to finance the setting up of a trading room allowing Morocco to better negotiate and actively manage its debt and, consequently, obtain the best interest rate, according to Nizar Baraka. Focus on socio-ec…