Prime Minister Aziz Ahannouk spoke on the World Financial Discussion board (WEF) in Davos on Wednesday to current Morocco’s financial benefits and main tasks to draw buyers.
Aziz Ahannouch dwelled on all of the strategic benefits of Morocco and dwelled on the reforms that the nation has been finishing up in recent times to all the time transfer ahead regardless of the crises. He additionally defined how the dominion maintains its macroeconomic stability and the way it’s dealing with the present disaster.
“We took each assist and finances assist measures, maintained the macroeconomic stability and prioritized reforms. Our authorities has assured provides, contained inflation and continued to scale back the deficit inherited from 2020,” he mentioned from Davos, Switzerland.
The Kingdom has turn into a regional mannequin by way of reforms, the top of presidency famous, citing the 2011 Structure, the reform of the Household Code and expanded regionalization for example.
In 2023, a 3rd of the state finances was allotted to well being and schooling, he famous, saying the intention was to revive confidence in Moroccan faculties and enhance their effectivity.
The nation has invested within the improvement and modernization of its infrastructure, which permits it to have “unprecedented air-land-sea connectivity within the area,” he famous, itemizing: 2,000 kilometers of freeway community, the primary high-speed rail line in Africa. , the continent’s largest port on the Mediterranean and shortly the most important on the Atlantic, in addition to 14 worldwide airports that provide a really vital African projection capability.
“On the crossroads of Europe, the Atlantic and Africa, its geostrategic potential positions it favorably within the reorganization of worldwide worth chains,” Aziz Ahannouk mentioned of Morocco’s benefits. With its ambitions and companions, the dominion continues to develop and set up partnerships based mostly on belief.
Morocco can also be the gateway to your entire African continent, which trusts it and considers it a privileged associate. Over the previous 20 years, the dominion has strengthened its attachment to its dwelling continent, and this has been mirrored within the visits of King Mohammed VI, greater than 50 in whole, which have led to the signing of greater than 1,000 cooperation agreements.
“In opposition to protectionist reflexes, ZLECAF, the most important free commerce zone, was born in Africa. Thanks to those free commerce agreements with the European Union, america and thru the creation of ZLECAF, funding in Morocco opens up entry to a market of two billion customers,” mentioned Aziz Ahannouch.
Morocco has additionally adopted a brand new Funding Constitution that encourages all buyers, no matter their dimension, nationwide or worldwide, the top of presidency famous.
“That is additionally the path of the reforms we just lately launched to harmonize and simplify tax guidelines and convey them in keeping with one of the best worldwide requirements by lowering the tax burden on VSEs and SMEs, that are our greatest sources of progress. . Nevertheless, we’re absolutely conscious of the challenges that we nonetheless should cope with,” burdened Aziz Ahanukh.
“Subsequently, I reiterate to you at this time my full and full readiness, in addition to members of the federal government, and guarantee you of our dedication to accompany you from begin to end within the act of investing, by way of the acceleration of reforms and the continual enchancment of funding circumstances, to construct collectively the trail to the creation of shared worth”, – he continued.
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