Moroccan minister meets chief of French Development Agency

Moroccan Minister of Finance and Economy Fathallah Oualalou, conferred in Rabat Thursday with Antoine Bouilleute, general manager of the French Development Agency (AFD) on cooperation between Morocco and the agency.

The AFD's general manager said Morocco is the agency's first partner, with French loans worth 3.5 billion FF for various projects, particularly drinking water supply, irrigation, agriculture development, sanitation, rural electrification, banking and industry.

He also assured the minister of the agency's readiness to examine all applications filed by Morocco.

The Moroccan minister said the government is endeavoring to consolidate the existing facilities and explore new means of achieving social and economic goals, mainly the promotion of the private sector and the upgrading of the competitive edge of small and medium-sized Moroccan enterprises.