The strategic Watch committee held its third meeting on April 29th, 2009 at the headquarters of the Ministry of Economy and Finance.
The agenda of this meeting addressed the monitoring system to be put in place in the follow up on the situation in all sectors of the economy and the collection of main data provided by watch committees in every sector such as industry, tourism, phosphate, monetary transfers made by Moroccans living abroad. Preliminary results relating to the macroeconomic impact of the global economic slowdown were also outlined during this meeting.
Members of the committee expressed satisfaction with the viability and pertinence of monitoring indicators that allow the strategic watch committee to better apprehend the effect of the global economic meltdown on the national economy.
The meeting was also a chance to outline the positive results of social and financial measures taken by the government such as maintaining jobs or having recourse to the guarantee system put in place to this effect.
During this meeting, the committee decided to consolidate the follow up on highly potential domestic sectors that continue to boost growth and to step up preparation for the post crisis period. Trends in economic conjunctures will be viewed in relation to structural exigencies of the nation`s economic fabric.
The committee also examined proposals made towards improving measures to be taken towards a better reaction and a proactive approach to the economy.
Participants in this meeting, which was presided by the Minister of Economy and Finance, included The Wali of Bank Al Maghrib, the Minister of Interior, the Minister of Energy and Mining, Water and the Environment, the Minister of Agriculture and Maritime Fishing, the Minister of Tourism and Handicrafts, the Minister of Employment and Vocational Training, the Minister Delegate to the Prime Minister in charge of the Moroccan Community Residing Abroad,, the Minister Delegate to the Prime Minister in charge of Economic and General Affairs as well as officers from various departments and members of the strategic watch committee.
Other participants included the General Managing Director of the OCP, the president of the CGEM, and the CEO of the Popular Central Bank (BCP) as well as representatives of banks and trade guilds.