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Bank Al-Maghrib and Swiss SECO Form Strategic Alliance
A groundbreaking alliance was officially solidified on Monday between Morocco's distinguished Bank Al-Maghrib (BAM) and Switzerland's formidable State Secretariat for Economic Affairs (SECO), marking the commencement of a new chapter in their bilateral partnership focused on strengthening the capacities of central banks.
In the formal signing ceremony in Rabat, BAM Governor Abdellatif Jouahri and Swiss Ambassador Guillaume Scheurer reiterated their dedication to offering targeted technical assistance, enhancing the effectiveness of central banks' monetary strategies.
Named the Bilateral Assistance Program and the Strengthening of Central Banks' Capacities (BCC), this alliance outlines an ambitious vision encompassing crucial areas such as monetary analysis, financial stability, inclusion strategies, and international coordination.
At its core, the program aims to support central banks in executing robust monetary policies, fostering stability within the financial sector, and cultivating resilience and sustainability. It represents a reaffirmation of the alliance's decade-long collaboration, emphasizing the responsible use of monetary power.
Scheurer remarked, "This alliance signifies our unwavering commitment to supporting central banks as they navigate challenging environments. Together, we will champion policies that promote stability and drive inclusive growth."