Speaking at the signing of investment agreements between the IFC, a subsidiary of the World Bank Group, and Moroccan companies, Diop emphasized that through these agreements, the IFC is not only supporting these companies but all of Africa.

This is evident in the $106 million loan agreement concluded with the OCP Group, a global leader in phosphate-based fertilizers, to finance its ambitious program of solar power plants and the greening of global food systems.

"Developing agriculture by investing in fertilizers will be a crucial element of this development," he stated at the event held during the Annual Meetings of the World Bank and the International Monetary Fund (IMF), attended by the CEO of the OCP Group, Mostafa Terrab, several ministers, and other Moroccan and foreign dignitaries.

The IFC Managing Director noted that the development of agriculture will be a crucial element of the resilience of African economies in the face of macroeconomic challenges.

Furthermore, discussing the response of Moroccan authorities to the Al Haouz earthquake, Mr. Diop praised the Kingdom's resilience and forward-looking perspective with enthusiasm and confidence. He assured the IFC's readiness to support the reconstruction efforts initiated by Morocco.

On her part, the Minister of Economy and Finance, Nadia Fettah, praised the signing of four agreements for project development financing totaling nearly $200 million, in addition to a "specific project aimed at post-earthquake management."

She emphasized that this is an "exemplary partnership trajectory between the Kingdom and the IFC," noting that this cooperation will lead to a "record" amount of financing in 2023.

The Minister noted that this dynamic demonstrates "the rigor of our economy, the dynamism of our country, and its comprehensive reform plan under the enlightened leadership of His Majesty King Mohammed VI."

The "strong" partnership between Morocco and the IFC aligns with a development logic that "touches upon all aspects for a more inclusive, fairer, and more dynamic development," she continued.

Fettah also highlighted that Morocco has effectively responded to the consequences of the earthquake on all fronts, stating that "what remains to be done is to move forward with our commitment to rebuild."

The Minister of Energy Transition and Sustainable Development, Leila Benali, added that this reconstruction is not only intended for the earthquake-affected areas but also on a larger scale because it is important to instill confidence in the future and encourage the private sector to invest in all areas.

In turn, the Director of Investment and Business Climate at the Ministry of Investment, Convergence, and Evaluation of Public Policies, Ghali Sqalli, affirmed that "Morocco, under the visionary leadership of His Majesty the King, has shown resilience and solidarity" after the earthquake.

He added that solidarity is manifested through the challenge that Morocco is called upon to address: "sustainable and long-term reconstruction [of the affected areas]," and a significant part of this effort involves creating quality jobs for local populations, with investment as the key element.