Developing Morocco's Economic Outlook
Recent reports by the IMF and Fitch Ratings have highlighted ongoing economic progress in Morocco. The preliminary findings of the IMF's May 2008 visit stated: 'Morocco continues to reap the benefits from its reforms efforts, notably the implementation of sound economic and financial policies. Significant progress has been achieved in recent years in stabilizing the macroeconomic environment, bolstering the capacity of the economy to withstand shocks, and strengthening the fiscal position. These achievements place the country in a relatively favourable position to absorb, in the short term, shocks linked to the deterioration of the global environment and to adopt the appropriate economic policy responses to the sustained increase in commodity prices. This will be necessary not only to preserve the gains already achieved, but also to bring about a lasting improvement in the income and employment of the Moroccan population'.
His Excellency Minister Ahmed Chami has been Minister of Trade, Foreign Investment and New Technology since October 2007. He has been the General Manager of the Saham Group since July 2005. In this capacity, Mr Chami is in charge of the group's development projects and the operational supervision of subsidiaries, in particular the Essaada Insurance Company, Mondial Assistance and the group's companies specializing in information technology. Mr Chami was President of Microsoft South East Asia in Singapore from 2003-04, prior to which he was Regional Manager for Emerging Countries at Microsoft South East Asia, in Singapore (2001-2003) and General Manager Microsoft North West Africa, in Morocco (1997-2001).