This article was automatically translated from HIBAPRESS, the Arabic version:
This article was automatically translated from HIBAPRESS, the Arabic version:
Heba Press – Rabat
Abdellatif Jouahri, governor of the Bank of Morocco, said Tuesday that the only way to make tangible progress in the fight against unemployment and create real employment opportunities lies in increasing economic growth rates and in equitable distribution of wealth.
He stressed that other solutions, such as programs offering limited and temporary employment opportunities, are not sufficient and cannot achieve sustainable results at this level.
At a symposium organized by Bank Al-Maghrib, Al-Jawahiri highlighted the importance of concerted efforts by the public and private sectors towards achieving high growth rates, emphasizing the need to strengthen the contribution of non-agricultural sectors to economic growth.
He explained that returning to growth levels of between 4 and 5 percent would help create new employment opportunities, highlighting external influences, including those from major economic partners like Europe, which is currently going through an economic crisis. .
In another context, the governor of the Bank of Morocco stressed the importance of lowering interest rates to support economic growth, explaining that this measure will contribute to increasing the volume of investments and transactions, whether for individuals or businesses.
He added that the Bank of Morocco is keen to respond to requests from banks related to the financing of investment projects.
