Page 1 - Weekly highlights 6359

VEND. 30 SEPT. SAM. 1ER ET DIM. 2 OCTOBRE 2022 - N°6359 NE PEUT ÊTRE VENDU SÉPARÉMENT DÉPÔT LÉGAL 100/1991 DIRECTEUR DE PUBLICATION KHALID BELYAZID
Weekly highlights by

version 2015

Système de Management de la Qualité
certifié ISO 9001 version 2008 par
BUREAU VERITAS MAROC

Hydrocarbons

The Competition Council points

out to the failures of the system Inflation: BAM tightens

its monetary policy

Fertilizer: Morocco,
soon to be a market
maker

Public procurement

reform: Big brain-
storming

The imperative
decarbonization
of the economy

Editorial Firewall Meriem OUDGHIRI

A LL eyes were set this week on the capital city where the central tionary cycle and exposed our fragilities on many levels. The drought
bank (BAM) Council was meeting last Tuesday: the central bank’s came to complete the picture and caught us lacking in planning and
decision on the key rate. Will it change, will it not change? A rise preparation. In the midst of climate change, everyone rushes to come up
could curb inflation and promote savings. But it would result in slower with emergency solutions, rescue plans, and the like, but things do not
growth. In the current state of the economic situation, can Morocco work like that. The lack of foresight and vision is flagrant. Short-term
afford to make this decision? The verdict was therefore expected this and unfinished strategies as well as the absence of anticipation have
week from BAM , one of the “most respected and credible central long been the prerogative of politicians. What firewall do we have now
banks in the developing world “, to use the expression of international to mitigate all these shocks that come to us from everywhere? Crucial
financial institutions, and indeed the central bank increased on Tuesday choices have to be made urgently to get through the next few months.
the key rate from 1.5% to 2%. Today, prices are setting consumers’ The way out of the crisis will be difficult. It will also depend on all the
shopping carts and their wallets on fire. Inflation is cruel for low-in- lessons that must be learned by all. And, perhaps, it will be appropriate
come earners. The war in Ukraine has held the economies of the world to get rid of the huge stones stuck in the shoe of the Government. o
hostage. But first there was the pandemic, which kick-started the infla-