Morocco, among world leaders in microfinance, french economist says

By Madison on mar 13, 2010

Marrakech – Micro-credit is witnessing a sustained development in Morocco, which is one of world leaders in the field of microfinance, Jacques Attali, founding president of the ONG PlaNet Finance, an international solidarity organization, has said.

    The holding of the second international conference « Microfinance and new technologies » in Marrakech is « a great success for Morocco insofar as it attests to the importance of microcredit in the Kingdom, one of world leaders in this field, and also of the new technologies where Morocco has a very efficient computer science industry, » Attali told MAP on the sidelines of the event.

     Micro-credit in Morocco « is in fine fettle and is well developed, » the French economist and writer said, noting that microfinance is « an excellent tool of development » and that new technologies constitute « a factor of the financial system’s growth ». 

    He added that microfinance cannot on its own resolve the plight of poverty, and that this mission requires also democracy, education, health infrastructures and new technologies.

      The two-day meeting gathered some 300 experts and decision-makers from around the world.

source: map