Morocco has become member of the Government Debt and Risk Management (GDRM) program of the World Bank Treasury. The GDRM Program provides assistance to middle-income countries (MICs) to improve macroeconomic and fiscal management by reducing vulnerability to financial and other shocks. The GDRM Program, established in 2011 with three countries, with the addition of Morocco and Ukraine will now be serving 14 countries. The World Bank Treasury provides advisory services and training to official sector investment managers to help countries efficiently manage foreign currency reserves and other investment portfolios. It focuses is on building a governance and risk management framework that balances return objectives with prudent risk management and controls.

Source: The North Africa Journal January 04, 2018 16:30 UTC