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  • The Moroccan Economy in Brief: Saturday, July 15, 2017: Participatory Banks Will Come into Service in the Coming Weeks

The Moroccan Economy in Brief: Saturday, July 15, 2017: Participatory Banks Will Come into Service in the Coming Weeks

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1. The Steering Committee of the Integrated Program for the Development of the Southern Provinces Will Conduct a Visit to the Region to Review the Progress State of the Program: ""The Steering Committee of the Integrated Program for the Development of the Southern Provinces of the Kingdom will conduct a field visit to the region to dwell on the progress state of this site and the difficulties encountered," indicates the Head of Government, Mr. Saad Eddin El Othmani, in Rabat on Thursday. "Mr. El Othmani welcomed, during the meeting of the Government Council today, the meeting of the said Steering Committee for this program launched by the King for a budget envelope of 77 billion Dirhams," reveals the Minister Delegate in charge of Relations with Parliament and Civil Society, Spokesman for the government, Mustapha El Khalfi, during a briefing held at the end of the meeting of the Council."


2. The Region of Rabat-Salé-Kénitra Will Soon Have a Program to Promote Employment: "A new program for the promotion of employment in Rabat-Salé-Kénitra region will soon be launched. The consultations on the development of this program have begun at a workshop organized by the Regional Council and the Ministry of Employment and Occupational Induction on Thursday. The objective is to develop a diagnosis of the employment situation and to set priorities and projects to promote employment opportunities in the region."


3. ONCA in the Province of Al Hoceïma for the 8th Day of Marketing Local Products: "The 8th edition of the local products marketing Days has opened, in Al Hoceima, on Thursday, under the sign "Local Products, Pillar of Solidarity Agriculture for the Development of Mountainous Areas." No fewer than 43 agricultural cooperatives and professional organizations, including 22 representing the Tangier-Al Hoceima-Tetouan region, take part in these days, organized by the Regional Directorate of Agriculture of Tangier-Tétouan-Al Hoceïma, under the aegis of the Ministry of Agriculture, Maritime Fisheries, Rural Development, and Forestry and the Province of Al Hoceima.


4. Participatory Banks Will Come into Service in the Coming Weeks: ""The participatory banks will come into service in the coming weeks, after the completion of all legal and technical provisions, and the approval by Bank Al Maghrib of establishments offering such services," indicates the Minister of Economy and Finance, Mohamed Boussaïd, in Rabat, on Tuesday. Replying to an oral question in the House of Representatives, the minister specifies that the issuance of Sukuks (bonds) to provide these banks with the liquidity necessary for their operation, noting that the importance of this project requires temporization "to ensure a successful launching.""

 

 

Crédit : IMPERIUM MEDIA

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