A meeting between the Director of Budget and European journalists : 27/09/2010

A meeting between the Director of Budget and European journalists

Before about fifteen journalists from European media, Mr. Abdellatif BENNANI, the Budget Director of the Ministry of Economy and Finance, gave in September 27th 2010, a presentation on Morocco`s development strategy and its expectations from its partnership with the European Union under the advanced status.

Within the framework of the European Neighbourhood Policy programs, the European Commission organizes trips for European journalists in EU partner countries to inform them of the external actions of this institution. As such, at the request of the EU Delegation in Rabat, Mr. Abdellatif BENNANI met Monday, September 27th 2010 at the Ministry of Economy and Finance a delegation of fifteen journalists from countries members of the EU who are in a visit to Morocco. During this working session, the Budget Director gave a presentation on Morocco`s development strategy and Morocco-EU partnership. As to the Moroccan development strategy, Mr. Abdellatif BENNANI stated that it is characterized by:

  • A stable macroeconomic framework characterized in recent years by a particular average growth rate of around 5%, an inflation rate not exceeding 2%, a master of the budget deficit around 2%, and a decrease of the treasury debt weight to around 47.1% of GDP in 2009;
  • Support growth through the development of public investment geared towards speeding major infrastructure, accelerating the pace to implement sector strategies and strengthening solidarity and social cohesion, and
  • Consolidating public governance.

It was also clarified that the EU is Morocco`s strategic partner for the implementation of development projects and the outcome of policy reforms to its economic and social development. It was recalled that 2008 was a turning point in Morocco-EU relations with the adoption of the joint document on the advanced status. Indeed, the advanced status granted to Morocco is an acknowledgment by the EU on the progress made by our country`s political, economic and social pursued reforms which will require substantial financial resources to support Morocco in its dynamic growth.

At the end of this presentation, a debate was opened. The main inquiries from the media focused mainly on regionalization, the deepening of relations with the EU, under the advanced status, the external mobilization of financing politicy and NGOs domestic financing.