Moroccan Government Vows to End Intermediation Chaos and Combat Rent-Seeking

Moroccan Minister of Economy and Finance, Fouzi Lekjaa, has stated that the government will work to end the chaos of intermediation and combat rent-seeking. During a public session at the House of Representatives, Lekjaa emphasized that ensuring fair and free competition requires the elimination of rent and privileges. He added that the government will soon present a bill to combat conflicts of interest, corruption, and monopolies.

Lekjaa explained that the state's role is to guarantee a permanent balance between free initiative and a structured intervention that ensures transparency and the rights of various stakeholders. The government aims to provide all the conditions for the private sector to grow, allowing it to provide two-thirds of the investment, while the public sector provides one-third. This move is expected to boost the economy and create a more favorable business environment.

The government plans to organize distribution through specialized companies regulated by a law that ensures transparency and clearly defines powers. This step aims to put an end to the chaos of intermediation and promote a more structured and transparent market. Additionally, the government intends to give a strong boost to the "Made in Morocco" label by replacing imported products with locally manufactured ones.

The "Made in Morocco" initiative is expected to diversify the industrial fabric and positively impact the trade balance. The government also plans to continue implementing major infrastructure projects. Furthermore, a new Moroccan-made drug, derived from cannabis, has been launched to treat epilepsy. The drug, developed by the company "Pharma5," is a 100% Moroccan product.

In a separate development, the government has set up an inter-ministerial committee to monitor price trends, according to the Head of Government, Fatima Zahra El Mansouri. The committee aims to ensure that the country is prepared for the upcoming Ramadan period. El Mansouri also announced that the government will continue to provide exceptional support to road transport professionals.

El Mansouri emphasized that protecting the purchasing power of citizens remains the government's top priority. To achieve this, the government has temporarily suspended the granting of new export licenses for certain products, such as tomatoes, onions, and potatoes. This measure aims to protect the national market and ensure a stable supply of essential goods.

Key points

• The Moroccan government is taking steps to promote fair competition, combat corruption, and support the private sector.
• A new law will be introduced to combat conflicts of interest, corruption, and monopolies.
• The government aims to boost the "Made in Morocco" label and promote locally manufactured products.