Arab financial institutions hold joint annual meetings in Morocco

The Arab financial institutions opened in Fez (central Morocco) their joint annual meetings with several Arab economy and finance ministers attending.

The meeting will discuss, inter alia, ways to enhance inter-Arab economic and financial cooperation, encourage investments flow in the region and the Arab world's relations with regional groupings, especially the European Union.

The financial institutions are the Arab Fund for Economic and Social Development (AFESD), the Arab Organization for Investments Guarantee (AOIG), the Arab Monetary Fund (AMF) and the Arab Bank for Economic Development Africa (ABEDA) and the Arab Organization for Agricultural Investments (AOAI).

In a message to the meetings, King Mohammed VI called for a new vision to inter-Arab economic cooperation to help Arab states face up the challenges of globalization.

The message, read out by Royal Advisor Ahmed Moatassim stressed the need to deal with Arab development issues in a global manner seeking complementarity in order to make of the Arab states an integrated regional grouping able to positively integrate the new world economic order.

The king on Tuesday hosted a dinner banquet in honor of participants. The dinner was presided over by Prince Moulay Rachid.