Morocco: King receives new head of the Hassan II Fund for Economic & Social Development - News Summed Up

Morocco: King receives new head of the Hassan II Fund for Economic & Social Development


King Mohammed VI received this Monday, at the Royal Palace in Rabat, Dounia Ben Abbas Tâarji, who was appointed last week President of the Executive Board of the Hassan II Fund for Economic and Social Development. The Hassan II fund was created by King Mohammed VI in 2000 to support investment in infrastructure and structuring projects and to provide financial assistance for economic and social development projects, in line with the priorities of the new development model, spearheaded by the King. The Hassan II Fund served as a catalyst for the development model of the 2000s: a model based on public investment as the main engine of growth. The 2019 appropriation bill earmarks 5 billion MAD for the Hassan II Fund as announced by the Minister of Finance during the presentation of the bill. Half of this money will go to bail the assets of the Hassan II Fund.


Source: The North Africa Journal February 11, 2019 18:47 UTC



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