Moroccan PM Calls for Speeding National E-Integration

Morocco’s Prime Minister Saadeddine Othmani (Arabic website)
Morocco’s Prime Minister Saadeddine Othmani (Arabic website)
TT

Moroccan PM Calls for Speeding National E-Integration

Morocco’s Prime Minister Saadeddine Othmani (Arabic website)
Morocco’s Prime Minister Saadeddine Othmani (Arabic website)

Morocco’s Prime Minister Saadeddine Othmani called for establishing a national e-strategy which promotes the integration of digital technology for the African country to catch up with world countries, after its rank slid in the latest United Nations e-government survey.

In the UN E-Government Survey 2018, Morocco ranked the 110th out of 193 countries vetted worldwide. Before, Morocco ranked 85th.

It is also worth noting that Morocco’s ranking places it sixth among African countries.

The survey aims to promote E-Systems for governing member states of the UN, whereby world governments are asked to develop online platforms that better present public services and provide information concerning certain sectors.

It also measures e-participation and focuses on the use of online services to provide and facilitate citizen access to public information and services, interaction with stakeholders, and participation in the national decision-making processes.

“Morocco is betting on digital transformation in order to create a qualitative leap in economic and social development,” Othmani said.

“We need a combined vision to translate the digital transformation envisaged in our country and ensure maximum use of digital technologies.”

The prime minister went on explaining that aim of his vision for digital transformation is to “create new patterns that provide the comfort of the intruders in their relationship to public administration, nurture a positive atmosphere that increases competitiveness among Moroccan enterprises, especially in the digital market, and facilitate the actualization of Morocco's ambition for African economic integration.”

Othmani cited progress achieved by Morocco’s state institutions on developing online services pertaining to tax return statements for large and medium companies, some licenses such as construction permits, and customs import and export operations.



Inflation Rose to 2.3% in Europe. That Won't Stop the Central Bank from Cutting Interest Rates

A view shows the Bercy Economy and Finance Ministry as a metro operated by the Paris transport network RATP passes over the Pont de Bercy bridge in Paris, France, November 28, 2024. REUTERS/Stephanie Lecocq
A view shows the Bercy Economy and Finance Ministry as a metro operated by the Paris transport network RATP passes over the Pont de Bercy bridge in Paris, France, November 28, 2024. REUTERS/Stephanie Lecocq
TT

Inflation Rose to 2.3% in Europe. That Won't Stop the Central Bank from Cutting Interest Rates

A view shows the Bercy Economy and Finance Ministry as a metro operated by the Paris transport network RATP passes over the Pont de Bercy bridge in Paris, France, November 28, 2024. REUTERS/Stephanie Lecocq
A view shows the Bercy Economy and Finance Ministry as a metro operated by the Paris transport network RATP passes over the Pont de Bercy bridge in Paris, France, November 28, 2024. REUTERS/Stephanie Lecocq

Inflation in the 20 countries that use the euro currency rose in November — but that likely won’t stop the European Central Bank from cutting interest rates as the prospect of new US tariffs from the incoming Trump administration adds to the gloom over weak growth.
The European Union’s harmonized index of consumer prices stood up 2.3% in the year to November, up from 2.0% in October, the EU statistics agency Eurostat reported Friday.
Energy prices fell 1.9% from a year ago, but that was offset by price increases of 3.9% in the services sector, a broad category including haircuts, medical treatment, hotels and restaurants, and sports and entertainment, The Associated Press reported.
Inflation has come down a long way from the peak of 10.6% in October 2022 as the ECB quickly raised rates to cool off price rises. It then started cutting them in June as worries about growth came into sharper focus.
High central bank benchmark rates combat inflation by influencing borrowing costs throughout the economy. Higher rates make buying things on credit — whether a car, a house or a new factory — more expensive and thus reduce demand for goods and take pressure off prices. However, higher rates can also dampen growth.
Growth worries got new emphasis after surveys of purchasing managers compiled by S&P Global showed the eurozone economy was contracting in October. On top of that come concerns about how US trade policy under incoming President Donald Trump, including possible new tariffs, or import taxes on imported goods, might affect Europe’s export-dependent economy. Trump takes office Jan. 20.
The eurozone’s economic output is expected to grow 0.8% for all of this year and 1.3% next year, according to the European Commission’s most recent forecast.
All that has meant the discussion about the Dec. 12 ECB meeting has focused not on whether the Frankfurt-based bank’s rate council will cut rates, but by how much. Market discussion has included the possibility of a larger than usual half-point cut in the benchmark rate, currently 3.25%.
Inflation in Germany, the eurozone’s largest economy, held steady at 2.4%. That “will strengthen opposition against a 50 basis point cut,” said Carsten Brzeski, global chief of macro at ING bank, using financial jargon for a half-percentage-point cut.
The ECB sets interest rate policy for the European Union member countries that have joined the euro currency.