Akhannouch at the Seville Conference: Morocco Continues Its Reforms and Demands Fair Financing for Developing Countries
Prime Minister Aziz Akhannouch affirmed that Morocco, under the leadership of King Mohammed VI, continues to strengthen broad structural reforms in priority areas, including direct social support, social protection, compulsory health insurance, facilitating home ownership, alongside deep reforms in the education and health sectors.
During his participation on Monday at the opening of the Fourth International Conference on Financing for Development in Seville, Akhannouch explained that these reforms express the Kingdom’s commitment to improving the living conditions of citizens and achieving comprehensive and sustainable development, but they require substantial financial resources.
He pointed out that Morocco has made significant efforts to mobilize national resources through ambitious tax reforms, combating tax evasion, and expanding the tax base. However, he emphasized that financing needs remain high, necessitating the mobilization of additional resources.
The Prime Minister called for reforms of international financing mechanisms to ensure greater fairness, highlighting the necessity of involving developing countries, particularly those with middle incomes, in crafting a new financing model that aligns with global transformations and meets the aspirations of peoples.
Akhannouch affirmed that development financing cannot be achieved without a comprehensive review of the traditional financing model, urging financial and economic institutions to engage in an open dialogue with the new generation of stakeholders, aiming to innovate the development financing system at the international level.
He noted that Morocco, as a middle-income country, is committed to contributing to the search for new global mechanisms capable of ensuring fair and sustainable growth.
The Seville Conference, which runs until Thursday, gathers approximately 50 heads of state and government, along with 4,000 participants from civil society organizations, international financial institutions, and the private sector.
Accompanying the Prime Minister at this event is a Moroccan delegation that includes Minister of Economy and Finance Nadia Fettah, the Permanent Representative to the United Nations Omar Hilale, and the Moroccan Ambassador to Spain Karima Benyaich.
The conference aims to find practical solutions to address the annual financial gap estimated at $4 trillion, which hinders the achievement of sustainable development goals in developing countries.
