IMF/WB Spring Meetings, Morocco’s Energy Strategy Highlighted

Washington – Morocco’s sustainable development model and energy strategy were highlighted during the International Monetary Fund (IMF) and the World Bank (WB) Spring Meetings.

Sustainable development is at the heart of Morocco’s long-term strategic goals, President of the Policy Center for the New South (PCNS) Karim El Aynaoui said at a virtual seminar held Tuesday under the theme “Economic Recovery: Setting Course for a Green, Resilient and Inclusive Future”, part of the Spring meetings.

”The world has not taken climate change and energy transition too seriously, but this is changing,” El Aynaoui said, noting that “the coronavirus crisis has acted in a way as a wake-up call.”

However, ”Morocco has invested heavily in this area and created an appropriate incentive framework for investments to be made in a greener framework, especially in solar and wind energy,” he stressed.

President of the PCNS recalled in this regard that Morocco offers a framework suitable for the green economy, in terms of wind and light intensity to produce sustainable energy and the country is close to the European market.

The annual IMF/WB Spring Meetings bring together a range of stakeholders, including public and private sector leaders, representatives of civil society organizations, and academic experts to discuss questions related to the global economy, international development, and the global financial system.