Rabat - Morocco’s introduction of a more flexible exchange rate system remains a sovereign decision regional and international institutions, Head of Government, Saad Eddine El Othmani, pointed out on Tuesday in Marrakech.
Rabat – Morocco’s introduction of a more flexible exchange rate system remains a sovereign decision regional and international institutions, Head of Government, Saad Eddine El Othmani, pointed out on Tuesday in Marrakech.
Speaking at a regional conference held under the theme “Opportunity for All: Promoting Growth, Jobs, and Inclusiveness in the Arab World,” El Othmani asserted that the decision is not dictated by any party.
“Morocco made its choice with the involvement of all national institutions concerned with this question, following a 10-year consultation,” he said.
He also underlined the important role played by financial institutions, such as the IMF, at the regional and the international levels, adding that “the government is ready to study, build upon, and perhaps even adopt any successful experience.”
He also highlighted Morocco’s economic reforms, calling on the participants of this conference to address major challenges, including youth unemployment, social justice, and economic reforms.
The conference, organized by the IMF, the AMF, the Arab Fund for Economic and Social development and the government of Morocco, brings together high-level policymakers, corporate executives, academics, youth, media, and civil society representatives from countries in the Arab World and beyond to exchange experiences, lessons, and ideas on job creation through the utilization of new sources and sectors of growth.
Key topics at the conference include: how to scale-up opportunities for women and youth by promoting entrepreneurship and innovation; embracing transparency and technology to unlock the region’s potential; and designing government policies to enable higher and more inclusive growth.