2023-11-25 11:02:53
Lhe 46th conference & exhibition of the Inter-Arab Association of Currency Exchange Traders (AIC), organized by the Moroccan Association of Trading Rooms (AMSM), took place in Marrakech from November 16 to 19, 2023. The AMSM occupies a central position in promoting capital markets activities in Morocco. Focusing on improving market efficiency, increasing transparency and extending international reach, it brings together market players to promote shared expertise, coordinate joint strategies and defend the Moroccan market place on the world stage. Moroccan organizers wish to take advantage of this event to intensify financial cooperation between the participating countries. A multitude of meetings between Moroccan banks and their international counterparts took place.
Under the theme “How to overcome market challenges and build a sustainable and resilient economy through technology”, this prestigious event brought together renowned leaders and speakers from the financial field. Among the speakers, Nadia Fettah, Minister of Economy and Finance, Dominique StraussKahn, and Miguel Azevedo, president of Citi for Africa and the Middle East. The minister, who made the trip, took the opportunity to recall that the business climate in Morocco is constantly improving.
“The Kingdom has adopted and implemented a number of programs and strategies as part of its reforms, particularly in the area of transparency of economic policies, improvement of the business climate and reform of the exchange regime (transition to a more flexible exchange rate regime),” noted Nadia Fettah. In this context, she stressed that the Kingdom enjoys a distinguished position at the global and regional economic levels, noting that “the Kingdom’s hosting of this event strengthens its position as a distinguished investment hub, particularly towards the ‘Africa”.
“Morocco also benefits from political stability, financial inclusion, efficiency and effectiveness of governance systems, the fight once morest money laundering and the financing of terrorism,” she said. added, emphasizing the Kingdom’s role as a vital link between different economic regions and its commitment to fostering strong economic partnerships. In this wake, Nadia Fettah noted that “this conference takes place in a global context characterized by significant transformations in global financial markets due in particular to high interest rates, geopolitical changes and a multifaceted crisis.” And to underline Morocco’s commitment to promoting innovation in order to unite efforts to deal with this situation.
ICA Conference: Identity Card
The Inter-Arab Association of Foreign Exchange Traders (ICA) plays an active role in the capital markets, particularly on matters relating to foreign exchange products, interest rates, stocks, commodities and various other assets. In this sense, this conference brought together 400 financial market experts globally, covering various fields such as capital markets, asset management, investment banking, risk management, data providers and specialized software publishers.
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