In His speech addressed to the Nation on the occasion of the Throne Day, the Sovereign considered that the greatest peril for the development of the country and for the promotion of investments lies in the obstacles set up on purpose by some people to preserve their own interests and make personal profits.
“These practices must be combatted,” said HM the king.
The Sovereign recalled, on this occasion, that the concerted efforts of the State and the public and private sectors have enabled the national economy to withstand the crises and jolts and to achieve conclusive results in the various production sectors.
However, added HM the King, this improvement was short-lived because of the international situation, noting that in addition to a modest agricultural campaign, exogenous factors have led to a surge in prices of some basic commodities. “This is an issue plaguing all countries around the world,” said the Sovereign.
“Realizing the impact of this situation on the livelihoods of many segments of the population, I have launched a national program to mitigate the effects of drought on farmers and rural populations,” noted HM the king.
“I have also instructed the government to allocate substantial funds to subsidize some basic goods and ensure they are available on the market,” added the Sovereign, stressing that “Moroccans deserve no less!”.
In this context, the budget allocated in 2022 to the Compensation Fund has been doubled, exceeding 32 billion dirhams, said the Sovereign.
HM the king said that “despite the fluctuations noted at global level, we must remain optimistic and focus on our strengths,” noting that “we must also seek to leverage the opportunities and possibilities created by the profound changes underway, especially when it comes to attracting investment, boosting export incentives and promoting national products”.
In this regard, the Sovereign urged “the government as well as political and economic stakeholders to facilitate the mission of foreign investors who choose to come to our country in the current global circumstances, and to remove any hurdles they may be facing”.
Source: Agency Morocaine De Presse