“In order to achieve a growth rate of 6% and create 800,000 jobs, we will need to provide 20 billion dollars,” said on Monday evening the Secretary General of the Party of Authenticity and Modernity (PAM), Abdellatif Ouahbi.
Guest of the MoroccoLatestNews talk show, “The road to the 2021 elections”, the SG of the PAM has promised wonders by spreading the economic program of the Tractor party.
Questioned on concrete measures that could allow WFP’s commitment to achieve a growth rate of the national economy of 6% and the creation of 800,000 jobs, Abdellatif Ouahbi explained WFP’s recipe for the achievement of these ambitious objectives.
Regarding the very ambitious objective in terms of economic growth, which Morocco has not achieved since, it should be remembered, the Jettou, Ouahbi government affirmed that it is “convinced that without reaching 6% as a rate of growth we cannot fight against unemployment ”.
Admitting that “it’s not easy” to set up, Ouahbi said he was not afraid to take up the challenge. A challenge which, however, according to his assertions, requires taking up another. That of bringing the colossal sum of 20 billion dirhams.
Without $ 20 billion, we won’t have 6% growth
” Economic issues are not easy. We accepted the challenge. To do this we will need to prepare $ 20 billion “, he said.
When asked how and in what terms will these billions be brought in, Ouahbi said that it would be “loans, partnerships, investments and other things …”. “If we do not manage to have these 20 billion, we cannot reach 6%”, he put forward.
From his point of view, Morocco has, according to him, “ a problem of administrative squandering of public money “. ” We have several institutions that waste money, we have other leaks of money that must be called into question in order to lower operating expenses and put more budgets into investment ”, he explained, noting that it is ” an important element of the PAM analysis of the economic thing ”.
In addition to the rationalization of expenditure which constitutes the first element of WFP’s recipe to revitalize growth, Ouahbi highlighted the second element in relation to investment.
” We are going to open up to international investment. So far we have not benefited from foreign direct investment (FDI) from Gulf countries for ten years. The FDI that we have drained from the Gulf countries remain very modest “, Understands the SG of PAM.
Ouahbi, the optimist
For him, ” the time has come for us to start this debate with the capital of the gulf because Europe is suffering from a capital crisis. They have nothing to offer us “. And to add: ” Now Europeans can offer experience, products they have, their know-how, but not at all funds to invest ”.
The recipe, the way of salvation to obtain the Grail would be, he maintains, “ be able to reconcile European industrial know-how and the capital of the Gulf countries “. ” In this case, we would have made a real mutation “Ouahbi forecast.
” Morocco has enormous capacities despite everything. Let us not forget that all the achievements of the first decade including the highways and the port of Tanger Med, etc. were made with our own means He said, adding: ” We must not kid ourselves and believe that we have brought in money from outside. And yet, we have set up major projects ”, he said again.
“I don’t know why this dynamic stopped,” he asked himself. “I believe that the time has come to give capital a chance, reduce administrative pressure and simplify procedures”.
Questioned on the dangerousness of the indebtedness, Ouahbi replied: ” What is dangerous is borrowing without investing. But if we invest the borrowed funds, we will be able to repay. Don’t be pessimistic. “