Morocco World News quotes Africa Center Director J. Peter Pham on Morocco as an economic and financial hub in Africa:

“The emergence of the economic power of Morocco, initiated under the leadership of HM King Mohammed VI since his accession to the throne, is a key element of the royal strategy to consolidate relations of cooperation and solidarity with African countries” said Peter Pham, Africa Center director.

“Thanks to the vision of HM King Mohammed VI, Morocco leverage its emergence as an economic power to support the African strategy of the Kingdom”, explains the US expert.

As part of this “economic diplomacy,” the Sovereign announced in 2000 a debt-forgiveness plan for Africa’s least-developed countries, and the eradication of customs duties on products imported from these states, recalled Pham.

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Related Experts: J. Peter Pham