Morocco in economic reforms to fight poverty

[sbs]

Morocco in economic reforms to fight poverty

Though steadfast implementation of an ambitious reform program has allowed Morocco to achieve macroeconomic stability with low inflation and comfortable external position, high incidence of poverty and unemployment clearly demonstrate that this is not enough.

Significant progress in the areas of price and trade liberalisation, financial sector reform, and privatisation has laid the foundations for robust economic growth, IMF Deputy Managing Director, Agust¡n Carstens told Moroccan authorities in Rabat at the weekend.

He predicted that these reforms are bearing fruit: economic activity has become more resilient to the fluctuations of agricultural production, investment and domestic demand are picking up, and productivity is on the rise.

"However, the high incidence of poverty and unemployment clearly demonstrate that this is not enough. I agreed with the authorities that a significant acceleration of growth is required in order to enable a more rapid job creation and improvement in the standard of living," an IMF press statement quoted Carstens as saying at the end of his Moroccan visit.

He, therefore, welcomed King Mohammed VI`s decision to put human development issues at the center of the government`s policy agenda, as reflected by the National Human Development Initiative (Initiative Nationale pour le D`velopment Humain), launched in May 2005.

Accelerating growth to levels compatible with poverty reduction and unemployment calls for a multi-pronged strategy, including reduction in the fiscal deficit in order to boost private sector confidence, increase investment, provide fiscal flexibility that allows smoothening of external shocks, fight poverty, and increase productive government expenditures, Carstens suggested.

He also cited trade liberalisation as key to achieving Morocco`s growth objective, and pointed out that the recent coming into effect of the free-trade agreement with the United States is an important step in this area.

As "an efficient and healthy financial sector is another important pillar of Morocco`s growth strategy," he commended the authorities for recently strengthening the legal, regulatory and supervisory framework of the financial industry and increased autonomy of the central bank in the conduct of monetary policy and the broadening of its supervisory authority to modernise the financial sector.

Carstens held discussions with Prime Minister Driss Jettou, Minister of Finance and Privatisation Fathallah Oualalou, Central Bank Governor, Abdellatif Jouahri, the President of the Finance and Economic Development Commission of Parliament, Mustapha Hanine and representatives from the Moroccan business association .

[razrif]

Thank you for drawing my attention to this matter sbs

[Amazigh Man]

Originally Posted by razrif

Thank you for drawing my attention to this matter sbs

Razrif ..what's the matter with you and those slim sweet hearts... do you want me to tell it to your wife!!!

[razrif]

not lucky enough to be so
i do have a lady friend oversees though

[Trojan]

Damn it;

how many times does someone have to say that news must not be copied and pasted just like that, if ppl go look for it they will find it if that's what they are looking for, people just don't get the concept of forums yet I think, it's supposed to be a discussion not a bloody dump of crap from all over the freeking internet, all posts must be original and if u have to quote make sure it's relevant to the damn topic, pisses me off that all this crap starts truf wars every now and then, Virtual countries is not a freaking information ministry press release outlet, it's a private company, nothing to do with Morocco, Occupied by Moroccans but that's as far as it goes, ppl want press releases they can get em directly, I appreciate your pride in your country and your sence of patriotism and civic duty, try to engage ppl not spam plz.

If Ur intention was to start a discussion regarding that news Item above, then I'd say first clean out the journalistic VAM, run the article through rose tinted glasses, then feed it to the dog, it's propaganda/infornation ministry press release hog wash/rubbish, regurgitated by a journalist liplocked to a smelly, fat and hairy crack.

wanna know what VAM is???
Value Added Masturbation.

And you RoastBeef Chill with the Stallking, and stop being such a superior being, ppl will say things you may not like, so grow up!!, get over it, leave em alone, stop the grafiti and those damn smart a** comments that show how much of an immature and insecure little boy u are deep down inside, ur word doesn't have to be the last in every conversation, nor do u need to stalk ppl, or compete for attention.

Pisses me off.. u were quarantined for this exact behaviour, and you don't seem to be learning from it..move on, let it be, drop it, say something worth saying, or shut the hell up..

I just talking to someone else totally, since I wrote it it stays...
but this behaviour must stop..

peace out

[Ghazala]

Whatever do you mean Trojan?

[freemocy]

Sbah lkhir Trojan , kidayra lamra olawlidat o drari ?