Morocco: Finance Minister Holds Talks With Morocco On PFM, Infrastructure

-Finance Talks:

  • Liberia’s Finance Minister, Augustine Ngafuan, met Morocco’s Finance Minister, Nadia Fettah, in Rabat.
    -Agreement on PFM:
  • Both countries agreed to sign an MOU for cooperation in Public Financial Management (PFM).
  • Morocco will provide technical support in areas like debt and cash management.
    -Capacity Building:
  • Liberian financial professionals will learn from Moroccan experts to improve financial systems.
    -Other Areas of Cooperation:
  • Discussions included agriculture (fisheries), port development, and sports.
    -High-Level Panel:
  • Minister Ngafuan spoke at the African Finance Ministers Summit in Casablanca about attracting long-term investment for infrastructure.
    -Key Challenges:
  • Ngafuan identified political instability and weak rule of law as barriers to attracting investments.
  • Strengthen Liberia’s ties with African nations and improve financial systems through knowledge-sharing.