Global Arab Network | Morocco, World Bank sign economic cooperation agreement

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Morocco, World Bank sign economic cooperation agreement

Global Arab Network - - Rabih Serrai

Sunday, 27 February 2011 18:53

Rabat - Morocco's High Commission for Planning (HCP) and the World Bank (WB) signed a cooperation agreement on studies relating to economic growth, employment and poverty.

Under this agreement, signed by the HCP’s Head Mohamed Lahlimi Alami and the WB director for the Middle East and North Africa Simon Gray, the WB will provide support to the HCP for developing the mechanisms to reduce poverty through growth and employment, identifying other sub-themes of research and jointly producing and publishing their results.

The agreement also provides for full access to necessary data has been granted to mixed WB-HCP teams, making the data avaible to both insitututions.

The WB expressed its readiness to help reinforce HCP’s management skills, particularly in software analysis of problems in economic growth, employment and poverty. This management training will adapt progressively to the needs identified by the HCP and the availability of WB resources.

Because the HCP’s scientific products are usually published in Arabic and French, they generally suffer from limited circulation in the English-speaking world. The WB will support the HCP in publishing its products in English to address this issue and expand their dissemination.

A coordination committee will be formed to develop joint programs of action and to monitor their execution. The committee will meet twice a year and whenever necessary to evaluate undertakings and opportunities to extend its scope to additional topics of interest to both institutions.

Valid for a three-year period and of tacit renewal, the agreement does not necessarily imply a financial obligation between both institutions for support, except in specific cases in projects agreed upon by both parties. (MAP)

Global Arab Network

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