Washington strongly supports Morocco's reforms and initiatives, Snow
Morocco-USA, Politics, 12/11/2004

The United States strongly support Morocco's reforms and initiatives, especially those pursuing the development of small and medium-sized enterprises and investment, said on Friday US treasury secretary John Snow.

The US official who was meeting Moroccan finance and privatisation minister, Fathallah Oualalou, in the fringes of his participation in the Forum for the Future (Rabat, Dec.10-11) also hailed the close cooperation between Morocco and the USA in preparing the conference, stressing that holding the forum in Morocco is a good opportunity to share ideas on reforms in the Middle East and North Africa region.

He also praised in a statement to the press Morocco's pioneer role in the region, adding that his country wished to intensify dialogue and consolidate its cooperation with the Kingdom in various fields.

On his part, the Moroccan official stressed that his talks with Snow covered the initiative put forward by the International Finance Corporation, and other new initiatives to be led in the region.

The IFC has proposed a new US$ 100 million-technical assistance facility for the entire BMENA region.

Morocco wants developed countries, particularly the USA, to be involved "in a considerable manner" in financing reforms undertaken in the region, said Oualalou before recalling that Washington had selected Morocco as one of the eligible countries to the Millenium Challenge Account (MCA).

The five billion-worth MCA proposals are in line with the Moroccan policy, mainly as regards education, poverty reduction, developing the agriculture sector, water, supporting the private sector and investments.

Previous Stories:
  'Polisaro' currently isolated worldwide, former US official   (12/7/2004)
  US State secretary hails economic and political reforms in Morocco   (11/12/2004)
  Forum for the Future Focus of talks between Morocco and US officials   (10/23/2004)

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