What could be more normal in a country that has made the deliberate choice of a liberal economy where private enterprise must be the main actor?!
Except that the relationship between our companies has given rise to two hazards that take on increasingly worrying dimensions, even threatening their “vital organs”, namely their cash flow and their very viability.
It’s about :
1- payment terms between them, which were close to 12 months,
2- and means of payment between them, which do not sufficiently cover the creditors vis-à-vis their debtors.
The resulting effects are expressed through at least three indicators, namely a high mortality rate for our companies, which are nevertheless creditors, litigation in the tens of thousands in the courts and doubtful debts in several billion Dhs at the level of banks.
While the State has invested heavily in recent years to structurally improve payment terms between companies, starting by setting an example by reducing the average of its own payment terms to less than 40 days, it Nevertheless, the “means of payment” hazard between companies remains intact and makes the economic machine creak.
Wooden checks are plethora, despite all the dissuasive device that surrounds them. Admittedly, a recent note from BAM has brought more security to payment by cheque, but other additional measures should follow to give more credibility to the means of immediate payment.
As for deferred payment by draft, it is clear that it is still a real game of chance and urgently calls for much more imagination, benchmarking and drastic and effective public intervention alongside companies. creditors.
The major objective of the public authorities in this context must consist in making the business climate more serene, by forcing relations between companies, loans of seriousness and credibility, so that the collection is a fluid, locked and secure formality. , and no longer a journey littered with stress and risk.
If we had to express this in terms of war strategy, we would have to imagine companies on forced marches, as good fighters, ensuring their role as investors, massive creators of jobs and added value, and imagine public authorities at the above their heads in a role of piloting, beaconing, covering, raking and facilitating.