Chaired by Mohamed Chaouki, the president of the said Commission, this meeting initiated under the theme “Bank Al-Maghrib and the investment situation” falls within the framework of the provisions of article 45 of the statute of the Central Bank, says the House of Representatives in a statement.
Its objective is to discuss the issue of companies’ access to bank financing and monetary policy data in the light of the covid-19 crisis, in addition to the role of the latter, as well as other public policies and programs put in place by the government to revive the economy, promote entrepreneurship and stimulate its competitiveness, specifies the same source.
On this occasion, Jouahri presented a detailed presentation of the efforts made in terms of investment, in which he noted that Morocco, despite the investment effort made (investment effort in value of 32% on average), has not yet been able to achieve the desired economic catch-up. He also addressed the issue of business financing and barriers to investment.
This meeting, which is part of the cooperation between the House of Representatives and BAM, is an essential step capable of highlighting the contribution of the Central Bank in the reforms aimed at improving the business climate, through a number of initiatives and measures to mitigate the impact of the health crisis and stimulate economic recovery.
The members of the Commission thus raised a number of issues and constraints faced by companies in accessing bank financing, in particular those relating to the guarantees required by banks, the press release underlines.
It is also regarding the problems encountered by small and medium-sized enterprises, including in particular the increase in bank commissions without taking into account the worsening of the conditions of these structures following the Covid-19 crisis. MEPs also insisted on the importance of banks in supporting these companies.
Furthermore, this meeting was an opportunity to discuss the issue of the rise in certain consumer goods, its impact on the purchasing power of citizens and the role of the Central Bank in maintaining price stability.
By way of conclusion, the Wali of Bank Al-Maghrib stressed the need to concert efforts in order to meet the challenges related to improving the growth rate and creating more jobs, highlighting the resilience of the system. national bank in the face of crises.
He also proposed the holding of a tripartite meeting bringing together the Finance and Economic Development Committee, BAM and the Professional Association of Moroccan Banks (GPBM) to study issues related to relations between banks and customers. , as well as their role in supporting business investment.
