International Monetary Fund and World Bank: Morocco

(asked on 16th November 2023) - View Source

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what was the outcome of his meeting with his Moroccan counterpart at the Annual Meeting of the World Bank Group and International Monetary Fund 2023.


Answered by
Bim Afolami Portrait
Bim Afolami
Economic Secretary (HM Treasury)
This question was answered on 24th November 2023

During the IMF Annual Meetings, the Chancellor met with Ms Nadia Fettah Alaoui, the Moroccan Minister of Finance.

The UK works closely with Morocco to maximise cooperation in a number of areas, including in bilateral trade and investment. The UK Morocco Association Agreement, which entered into force in January 2021, facilitates this trading relationship. Under this agreement, bilateral trade between the United Kingdom and Morocco was worth £3.4 billion in the four quarters to the end of Q2 2023, up £661 million on the same period the previous year. The Government frequently engages with Morocco to promote and support green investment into Morocco, while the UK and Morocco are co-leads on the Power Breakthrough, which aims to make clean power the most affordable and reliable option for all countries by 2030.

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