Crisis Exit Expected for 2010-2011
9 September 2008
Read by 2083 persons
For Salaheddine Mezouar, we must start preparing now for the end of this economic crisis, expected for 2010-2011.
The government's strategy for managing the consequences of the global economic crisis is based on the positive results accumulated by the national economy, the preservation of growth momentum, and consideration of the specific situation of each sector, stated the Minister of Economy and Finance, Salaheddine Mezouar, on Wednesday. Speaking during the oral question session in the House of Representatives on the repercussions of the global crisis on the national economy, the minister indicated that this strategy consists of supporting domestic demand, encouraging public investment, and mobilizing the necessary liquidity, all parameters that "we control." In managing this exogenous crisis, the government has sent very strong signals regarding support for public investment and domestic consumption through improved incomes, preservation of liquidity, and the continuation of structural reforms in strategic sectors, such as housing and agriculture, he added. As part of crisis management, the minister recalled the establishment of six sectoral commissions comprising the government, the private sector, the central bank, and the banking system, which work daily to improve conditions and monitor indicators for each sector.
The minister insisted that we must, from now on, prepare for the expected end of the crisis in 2010-2011, noting that the nature of the crisis requires "calm behavior, far from any dramatization or downplaying of the crisis's magnitude." The government has focused on building confidence to counter the hostile media campaign and its impact on the morale of economic operators and citizens. In their interventions, the majority groups highlighted the government's efforts to contain the negative effects of the global financial crisis, calling for the implementation of the measures decided, mainly in vital sectors. The opposition, however, considered that the government's efforts remain "insufficient," drawing attention to layoffs in several companies and the decline in remittances from Moroccans living abroad.
Published on May 8, 2009
Posted online on May 11, 2009
aujourdhui.ma
The government's strategy for managing the consequences of the global economic crisis is based on the positive results accumulated by the national economy, the preservation of growth momentum, and consideration of the specific situation of each sector, stated the Minister of Economy and Finance, Salaheddine Mezouar, on Wednesday. Speaking during the oral question session in the House of Representatives on the repercussions of the global crisis on the national economy, the minister indicated that this strategy consists of supporting domestic demand, encouraging public investment, and mobilizing the necessary liquidity, all parameters that "we control." In managing this exogenous crisis, the government has sent very strong signals regarding support for public investment and domestic consumption through improved incomes, preservation of liquidity, and the continuation of structural reforms in strategic sectors, such as housing and agriculture, he added. As part of crisis management, the minister recalled the establishment of six sectoral commissions comprising the government, the private sector, the central bank, and the banking system, which work daily to improve conditions and monitor indicators for each sector.
The minister insisted that we must, from now on, prepare for the expected end of the crisis in 2010-2011, noting that the nature of the crisis requires "calm behavior, far from any dramatization or downplaying of the crisis's magnitude." The government has focused on building confidence to counter the hostile media campaign and its impact on the morale of economic operators and citizens. In their interventions, the majority groups highlighted the government's efforts to contain the negative effects of the global financial crisis, calling for the implementation of the measures decided, mainly in vital sectors. The opposition, however, considered that the government's efforts remain "insufficient," drawing attention to layoffs in several companies and the decline in remittances from Moroccans living abroad.
Published on May 8, 2009
Posted online on May 11, 2009
aujourdhui.ma
