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2023-06-15 16:47:08
The State has decided to strengthen its financial support for five municipalities in Guadeloupe. The overseas recovery contracts will allow these municipalities in difficulty to restore their financial situation.
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#municipalities #Guadeloupe #benefit #overseas #recovery #contracts
2023-06-15 15:53:06
Positioning.
Due to its strategic location in the northwest of the African continent, just 15 kilometers from Europe, Morocco is a geostrategic crossroads at the crossroads of major shipping lines. This position, coupled with a port infrastructure of international dimension, provides Morocco with world-class connectivity.
Morocco is among the top 20 countries best connected to the world by sea and offers competitive access times to major markets, particularly in Europe and Africa. The African continent is making great strides towards promising prospects. Thus, by making it possible to achieve significant margins and gains for the companies that set up there, it attracts more foreign direct investment year following year.
Fully rooted in its regional ecosystem, Morocco actively contributes to this dynamic through the deployment of numerous political, economic, financial and technical cooperation initiatives that have consolidated its historic attachment to Africa. Attaching particular interest to the emergence of the continent, Morocco has created, by acting as a promoter of South-South cooperation, favorable conditions for rapprochement with other African countries, thus favoring its positioning as a point privileged entry to Africa. To develop a vocation as a logistics hub, Morocco has undertaken, for ten years, an ambitious policy of modernization of its infrastructures, in particular through the launch of large-scale projects aimed at providing the Moroccan economic fabric with a modern infrastructure. and efficient allowing it an effective opening to the international market.
Benefiting from a Royal Vision and a highly strategic priority, this policy has made it possible to achieve a major breakthrough in the development of transport infrastructure, including ports, highways and railways, with world-class facilities, effectively connecting all the regions of the Kingdom with each other and with the rest of the world and allowing better management of the flow of goods.
In order to set up a competitive and dynamic system of freight transport, adapted to the challenges of international competitiveness, Morocco has been engaged for several years in a process of liberalization of the transport sector, all modes combined. To support the logistics sector, major reforms have been initiated in the air, maritime and road transport sectors to liberalize the national market, encourage competition and private initiatives and encourage the improvement of the services offered and their alignment with standards. international.
Hub
At the same time, undeniable progress has been made in facilitating international logistics. Morocco has, in fact, adopted many measures to facilitate and accelerate the movement of cross-border transactions, in particular through the establishment of the Port Net one-stop shop (national portal which facilitates the various foreign trade procedures) as well as important reforms of customs procedures, which has led to a significant reduction in the dwell times of containers at ports. Also, and thanks to numerous free trade agreements, Morocco now has the freest economy in North Africa.
Indeed, through its economic openness and its adherence to international trade, the Kingdom has considerably improved its performance by strengthening its integration into the world economy. Since 2010, the national market has experienced a strengthening of the fabric of logistics operators through the establishment in Morocco of numerous international suppliers of quality logistics services and services with international logistics networks and the significant development of Moroccan operators with a increasingly diversified logistics offer.
Contributing to strengthening the Kingdom’s vocation as a logistics hub and making it benefit from the trust of world-class shippers, the qualitative evolution experienced by the national supply of logistics services has been further confirmed with the installation in Morocco. of 14 3 PL service providers from the top 20 global logistics providers, 88% of which are in the top 20 of the world’s 3 PL and the international positioning, particularly on the African market, of several national operators. Thanks to a range of reforms undertaken and completed by Morocco over the past decade, the Moroccan economy has recorded one of the highest growth rates in the MENA zone.
Indeed, a panoply of ambitious sectoral plans have been launched under the impetus of His Majesty King Mohammed VI, and are part of a logic of modernization of traditional sectors such as agriculture, fishing and mining. and development of innovative sectors such as renewable energies, logistics, industry, tourism and high value-added services, where Morocco offers real competitive advantages. Set up by the public authorities, these plans, which have enabled the Moroccan economy to offer strong potential for public and private investment, contribute to making Morocco a promising market and an essential platform for investors.
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#Infrastructures #geographical #position #investment #Logistics #assets #Morocco #Today #Morocco
2023-06-15 15:16:57
ALGIERS – Algeria was unanimously elected as vice-president of the International Grains Council (ICC), following a vote organized by this international body in London, said Thursday a press release from the Ministry of Agriculture and Rural Development.
Organized on Wednesday on the sidelines of the 58th CIC conference, the vote took place in the presence of the chief of staff of the Ministry of Agriculture and Rural Development in his capacity as representative of the Minister of the sector, the Director General of the Office Algerian Interprofessional Cereals (OAIC) and the representative of the Algerian Embassy in London, according to the same source.
Algeria holds the vice-presidency of the CIC for the period 2023-2024, the statement said, adding that the presidency is held by the United States, which will hand it over to Algeria once the mandate has expired.
This election “reflects once once more the confidence placed by the member countries in Algeria, given its contribution within the CIC through its commitment to guarantee the stability and efficiency of world grain markets, in addition to its contribution to achieving food security of member countries and expanding consultations between importing and exporting countries”.
Algeria was re-elected in 2023 as a member of the CIC’s Administrative Commission, one of its three main structures, alongside the budget and market requirements commissions.
As a reminder, the CIC is an international governmental organization whose objective is to strengthen international cooperation in the grain trade, contribute to the stability of grain markets and improve global food security.
The CIC is also responsible for implementing the Grains Trade Convention of 1995, in addition to monitoring the development of these markets, and national grain policies.
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#Algeria #elected #unanimously #vicepresident
2023-06-15 16:13:50
The French economy is expected to experience a sharp deceleration in 2023, with high prices continuing to dampen household consumption despite an expected cooling in inflation, notably in food, INSEE said on Thursday. In unveiling its annual forecasts for the first time, the National Institute of Statistics noted a deterioration in the economic situation, with growth engines idling, one of the rare improvements coming from inflation, which should continue a reflux that began in the spring.
Gross domestic product (GDP) should record an increase of 0.6% over 2023 following a more dynamic increase of 2.5% in 2022. This forecast is similar to that of the Banque de France but more pessimistic than that of the government (1 %). On an annual average, inflation would stand at 5%, once morest 5.2% last year. But slowing inflation does not imply lower prices. These will continue to rise, contributing to the slowdown in activity since inflation is putting a strain on household consumption.
This should fall by 0.2% in 2023 (following +2.1% in 2022), whereas it usually contributes to driving the French economy. It should dip in the spring, especially in food, where prices are experiencing double-digit surges, before rebounding slightly thanks to the slowdown in prices.
This is the first time since 2012 that household consumption has gone into negative territory, with the exception of the year of the pandemic in 2020. Another weak link in growth: household investments, in real estate in particular, as those of companies would mark time, under the effect of high interest rates following the muscular monetary tightening carried out by the European Central Bank (ECB) to curb inflation.
Foreign trade, thanks to exports, would support growth. There is “this inflation which weighs on domestic demand, and then the first consequences of monetary tightening on the real economy”, summed up Julien Pouget, head of the economic situation department of INSEE, during a conference of press. “Inflation (…) remains relatively high, even if it has begun to ebb,” he added.
The rise in consumer prices, which directly affects households in their portfolios, should continue the decline that began in the spring to stand at 4.4% in December over one year. It had slowed to 5.1% in May following 6% in January. It would benefit from a strong lull in energy prices which had soared following the outbreak of the war in Ukraine. Above all, the rise in food prices should slow down markedly thanks to the decline in the prices of agricultural raw materials and energy. After +14.3% over one year in May, inflation should thus be almost halved in December (+7.4%). As an annual average, they would be 11.8% higher than in 2022.
INSEE stresses that the evolution of food prices will however also depend on the result of trade renegotiations between distributors and the food industry, reopened under pressure from the government, which wants to see labels drop in supermarkets.
Another factor likely to influence their development: the margin rate of companies in the sector, which has increased sharply following suffering during the health crisis. The agri-food industry has raised its margins, which had suffered during the health crisis, which is driving up production prices, underlines in substance Olivier Simon, head of the economic summary division. Manufactured goods should also slow down, unlike services due to wage increases. The sector should become the main component of inflation ahead of food at the end of the year.
The slowdown in prices, combined with an increase in income, would allow household purchasing power to remain stable. The savings rate would remain at a high level, 18%. In this context of modest growth, employment, which has remained very dynamic until now, might slow down between now and the end of the year. But given a slower increase in the working population, the unemployment rate should stabilize at 7.1%.
In detail for 2023, following a rise of 0.2% in the first quarter, GDP should progress by 0.1% in the second (revised downwards) and third quarters, then by 0.2% over the last three months of the year. ‘year.
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#Deceleration #sight #economy #inflation #INSEE
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