Rabat, Morocco (TMT)- Parliamentarians of the Party of Justice and Development (PJD) and the head of Morocco’s central bank, Bank Al-Maghrib (BAM), Abdellatif Jouahri, are at each other’s throat these days following the BAM’s latest quarterly release where it said Morocco’s GDP won’t exceed 1% in 2016, among other figures [Morocco’s Ministry of Finance projected a 3% growth for 2016].
Abdellatif Berrahou, a PJD parliamentarian [House of Representatives], and a specialist in public finance, said that the indicators presented by the Wali of Bank Al-Maghrib [Abdellatif Jouahri] are contradictory and botched.”
For Berrahou, it is still early to project the 2016 economic situation in Morocco, especially that Morocco witnessed important rain falls few days ago, which may propel the agricultural value of the GDP.
“There is currently a strong attraction of foreign investment in the industry sector, not to mention that the government is greatly supporting this sector, which will generate a minimum growth of 4 to 5%,” Berrahou said.
Local sources say that the reason of the spat is the on-door parliamentarian elections, especially taking into account that the PJD [leading the current governmental coalition] projected in 2011 a 6% to 7% GDP growth for the end of its mandate.
The Moroccan Times.