Morocco's Measures to Mitigate the Effects of the Crisis
6 June 2008
Read by 2134 persons
Measures implemented by the government, in partnership with the General Confederation of Moroccan Enterprises (CGEM), helped lessen the impact of the global crisis on the national economy, stated Abdelmalek Kettani, the vice-president of the employer's organization, on Tuesday in Nairobi.
Reforms introduced by Morocco, under the wise leadership of His Majesty King Mohammed VI in political, social, and economic areas, have led to major progress in a context of a widespread economic crisis, underlined Mr. Kettani, who represents the CGEM at the African employers' forum on "The financial crisis, economic recovery, and employment".
Morocco has achieved remarkable successes in socio-economic fields thanks to improved business opportunities and has gradually overcome obstacles that could hinder the country's growth and development.
To this end, Mr. Kettani presented to the forum the measures taken by the strategic monitoring committee to support businesses in sectors affected by the crisis, enabling them to continue operating, preserving jobs and skills, and assisting export companies in maintaining their competitiveness in international markets.
He also mentioned the National Initiative for Human Development (INDH), mandatory health insurance, the fight against substandard housing and the eradication of slums, the widespread provision of water and electricity in disadvantaged regions and villages, the Azur tourism plan, and investment in human capital.
The Moroccan banking system was unaffected by this crisis. Its strength even presented an opportunity, as Moroccan banks expanded their network and gained a stronger foothold in Africa by acquiring subsidiaries of foreign banks in difficulty, stressed Mr. Kettani, who emphasized the need for regional integration as a way out of the crisis.
All these measures helped mitigate the impact of the global crisis, particularly by preserving jobs in the hardest-hit sectors: textiles and leather, tourism, and automotive equipment, he stated, adding that the government did not cancel or postpone investments in infrastructure or social projects.
Furthermore, Mr. Kettani announced an upcoming Pan-African congress of confederations and employers' organizations in Morocco next March, organized by the CGEM in partnership with the "Entreprendre" club.
During the discussions, several African delegations welcomed these measures and expressed their wish to contact the CGEM to benefit from its experience.
Abdallah Darkaoui
Published May 19, 2009
Online May 25, 2009
lematin.ma
Reforms introduced by Morocco, under the wise leadership of His Majesty King Mohammed VI in political, social, and economic areas, have led to major progress in a context of a widespread economic crisis, underlined Mr. Kettani, who represents the CGEM at the African employers' forum on "The financial crisis, economic recovery, and employment".
Morocco has achieved remarkable successes in socio-economic fields thanks to improved business opportunities and has gradually overcome obstacles that could hinder the country's growth and development.
To this end, Mr. Kettani presented to the forum the measures taken by the strategic monitoring committee to support businesses in sectors affected by the crisis, enabling them to continue operating, preserving jobs and skills, and assisting export companies in maintaining their competitiveness in international markets.
He also mentioned the National Initiative for Human Development (INDH), mandatory health insurance, the fight against substandard housing and the eradication of slums, the widespread provision of water and electricity in disadvantaged regions and villages, the Azur tourism plan, and investment in human capital.
The Moroccan banking system was unaffected by this crisis. Its strength even presented an opportunity, as Moroccan banks expanded their network and gained a stronger foothold in Africa by acquiring subsidiaries of foreign banks in difficulty, stressed Mr. Kettani, who emphasized the need for regional integration as a way out of the crisis.
All these measures helped mitigate the impact of the global crisis, particularly by preserving jobs in the hardest-hit sectors: textiles and leather, tourism, and automotive equipment, he stated, adding that the government did not cancel or postpone investments in infrastructure or social projects.
Furthermore, Mr. Kettani announced an upcoming Pan-African congress of confederations and employers' organizations in Morocco next March, organized by the CGEM in partnership with the "Entreprendre" club.
During the discussions, several African delegations welcomed these measures and expressed their wish to contact the CGEM to benefit from its experience.
Abdallah Darkaoui
Published May 19, 2009
Online May 25, 2009
lematin.ma
