Morocco dissplayed economic stability amid Arab Spring turmoil: WB

Morocco has very important economic assets, mainly its institutional and economic stability, World Bank Managing Director for Finance and Chief Financial Officer Bertrand Badre has said.

Morocco showed great institutional and economic stability amid the turmoil that has been going on over the past few year regionally, with what is called the Arab Spring, and internationally with the global slowdown, Badre told MAP news agency on the sidelines of the 3rd "The Atlantic Dialogues" on Oct. 24-26.

Besides its macroeconomic, institutional and economic stability, Morocco has an asset of location in the crossroads of sub-Saharan Africa and Europe, in addition to openness on the Atlantic.

He also highlighted the construction of infrastructure and the advanced urbanisation taking place in Morocco, which are "very important" for the World Bank because of its pivotal role in the West African and sub-Saharan region and called for the diversification of national economy to include more stakeholders in formal economy.