“The IMF line of credit is insurance for Morocco” – Jeune Afrique

2023-07-31 16:26:54

After managing a tourism sector devastated by the Covid-19 pandemic, Nadia Fettah Alaoui was appointed Minister of Finance in October 2021, finding herself at the forefront of managing the crisis following the war in Ukraine, including the breath has reached very significantly the economy of the kingdom.

Disruption of the supply chain, rise in input and energy prices… Inflation is exploding and even crossed the symbolic threshold of 10% last February – something not seen for thirty years. To these crises was added, in 2022, the worst drought that the country has known for forty years, heavily dependent on agriculture.

To readIn Morocco, the difficult battle to reduce unemployment

“It’s not luck’s fault, as the other would say,” quips the former general manager of Saham Finances. But, she tells us, nothing to compromise the ambitions of the government of Aziz Akhannouch, Who aspires to create one million jobs by 2026, and to implement the ambitious reform of the generalization of social protection by giving a boost to private investments. In this interview, the Minister of Finance details her anti-crisis action plan and the means deployed to continue the reforms.

Jeune Afrique: According to the Central Bank, macroeconomic risks, both internal (rise in interest rates, high levels of inflation, etc.) and external, “call for vigilance”. Should we still worry about the effects of the crisis on the economic fundamentals of the kingdom ?

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