By Abdelwahed Al-Talbi MARRAKECH, April 18 (KUNA) -- The Annual Joint Meetings of the Arab Financial Institutions concluded its two-day activities on Wednesday with participation from Kuwait, headed by Deputy Prime Minister and Finance Minister Mustafa Al-Shimali.

During the meetings, participants evaluated, in closed doors, the status of the institutions, its annual financial reports and activities status, the meetings also approved the administrative and budget finances and accounts.

The meeting also witnessed the signing of a Memorandum of Understanding (MoU) between Morocco and Islamic Development Bank which aimed at boosting economic and social relations.

Last night, Moroccan Economy Minister Nizar Baraka said in a speech marking the opening session that "there have been several, far-reaching developments in our Arab region which reflect the aspirations as well as the expectations of Arab peoples. In addition to that, there is the unhelpful impact of the global crisis on our economic, social and financial conditions." "Our goal is to achieve food security and energy efficiency, provide drinking water for our populations and safeguard our countries against the perils of climate change, building on a balanced, sustainable human development agenda," he said.

Participants of such meeting included governors from the Arab Fund for Economic and Social Fund, Arab Monetary Fund, among others.