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  • News: Headlines from the Moroccan Press of 21/04/2017

News: Headlines from the Moroccan Press of 21/04/2017

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LE MATIN DU SAHARA:
H.R.H the Prince Moulay Rachid presides the award ceremony of the best agricultural production units and the best exhibitors: "His Majesty the King offers a dinner in the honor of the guests and participants in the 12th SIAM, presided by H.R.H the Prince Moulay Rachid: "His Royal Highness the Prince Moulay Rachid presided, in Mechouar Es-Stinia-Sahrij Souani, Meknes, on Thursday, a dinner offered by His Majesty the King Mohammed VI in the honor of the guests and the participants at the 12th International Fair of Agriculture in Morocco (SIAM). At his arrival, H.R.H the Prince Moulay Rachid reviewed a section of Auxiliary Forces that honored, before being welcomed by the Head of Government, Saad Eddine El Othman, the Minister of Agriculture, Maritime Fisheries, Rural Development, Water and Forests, Aziz Akhannouch and the Wali of the Fez-Meknes region, Saïd Zniber. H.R.H the Prince Moulay Rachid was also welcomed by the President of the Regional Council, Mohand Laenser, and the Governor of the prefecture of Meknes."

Governmental program: Big disappointment in the economic communities: "Had the mountain given birth to a mouse? The governmental program is not new, according to the economists we interviewed. Other economists contacted by us for warmly commenting on this program have showed no motivation to lend themselves to exercise. The disappointment is also great in business communities. Sources within the employers expected a clear break, if only to make up for the lost time and restore confidence. While the control of the budget deficit at a 3% of the GDP and inflation at less than 2% seem to be within reach, nothing is certain, on the other hand, for the growth of the economic activity, which always depends on rainfall. In the absence of true industrialization, despite the voluntarist policy deployed in recent years, the growth rate of the non-agricultural GDP is condemned to turn around a 3%. But much more is needed to create jobs and reduce unemployment, especially when the rate of the latter is to be reduced to an 8.5%. According to the latest IMF forecasts, the IMF would be well ahead."


AL BAYANE:
Governmental program: A positive and ambitious approach: "The governmental program, the result of a collective and joint work of the components of the governmental majority and the various ministerial departments, was finally presented, on Wednesday, the 19th of April, in front of both Houses of Parliament, in accordance with Article 88 of the Constitution. This program is based on a positive and ambitious approach. In the political register, the government is committed to the consolidating of the rule of law, the democratic choice, the adoption of an integrated policy in the field of human rights and social justice, the healthy and democratic realization of the provisions of the Constitution of July 2011, and the pursuit of reforms launched and advanced regionalization. On the economic side, with supporting figures, the government aims at achieving an economic growth rate between 4.5 and 5.5% and controling the budget deficit at a 3% of the GDP by 2021."

Jawad Chami: "SIAM has become a platform for the continental agriculture": ""The International Fair of Agriculture in Morocco, whose 12th edition has taken place in Meknes from the 18th to 23rd of April 2017, has become a platform of the continental agriculture over the years," welcomed its Commissioner Jawad Chami. "The SLAM is confirmed from editing to editing as a platform, not only of the Moroccan agriculture, but also and especially of the continental agriculture," said Chami in a press conference, organized in the margins of the opening of the doors of the Fair in front of professionals of the sector on Wednesday."


LIBERATION:
A program in five areas: The economic development at the top of the new government's priorities: "The new Prime Minister Saad Eddine El Othmani presented in Parliament on Wednesday the main lines of the program of his government, which gives priority to the economic and social development of the country. After paying tribute to the work accomplished by his predecessor Abdelilah Benkirane, he announced the "continuation of reforms", namely the sectoral programs in the economy (industry, agriculture and tourism), the "reinforcement of support for the disadvantaged groups" and the fight against unemployment."

Valorizing and developing the red meat industry: Launching in Meknes of an Italian-Moroccan technology center: "An Italian-Moroccan technology center for red meats has been launched in Meknes at the 12th International Fair of Agriculture in Morocco (SIAM) on Wednesday, with the objective of training professionals in the sector. As a result of collaboration between the National Food Safety Authority (ONSSA), the Italian Agency of Foreign Trade (ICE) and the private "Bio Beef" slaughterhouse, this center, based in Meknes, aims to train 40 professionals every year throughout Morocco to valorize and develop the red meat industry."


AUJOURD'HUI LE MAROC:
El Othmani unveils the five axes of his five-year term: "The government roadmap is finally known. In fact, the head of government Saad Eddine El Othmani has just presented the government's program during a joint plenary session of both Houses of Parliament. This is an important step since the Executive must obtain the parliamentary nomination. Articulated around 5 axes, the program sets out the priority objectives and the main governmental measures for the next five years."

General Treasury: The budget deficit reached 4.4 billion Dirham at the end of March: "The budget deficit is closing in the first quarter of the year. It is valued at 4.4 billion Dirham at the end of March 2017 against 11.2 billion Dirham in the same period of the previous year. The difference is calculated on the basis of income received and expenditure incurred. According to the latest public finance statistics unveiled by the TGR, the ordinary incomes increased by 9%..."


Les Inspirations Eco:
GOVERNMENT PROGRAM: What are the promises of El Othmani?: "An executive plan spread over 3 months should be validated after the program voting, which will be accompanied by the creation of an inter-ministerial commission and a new structure attached to the government presidency in charge of monitoring. Pending the assessment that will be made under the dome by the parliamentary groups in both chambers starting from Monday, the 24th of April, several elements of continuity are tangible in the program of EI Othmani, but also new measures advocated by the head of government during his presentation of nearly an hour and a half in front of both Houses of Parliament.

The equity market: The correction is looming on the horizon: "The sharp increase in the equity market, fueled by the performance of the listed companies, has led to an increase in the rating and a decrease in the average yield of the market. The securities that do not justify these levels of valuation through growth risk being penalized by the market."

 

 

Crédit : IMPERIUM MEDIA

 

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