مدي 1 تي في : النشرة الاقتصادية - 06/12/2024
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00:00Welcome to Economic News.
00:11In a general session on Thursday, the Council of Consultants mostly agreed on the financial
00:17law for the financial year 2025.
00:20The bill was adopted during this session attended by the Minister of Economy and Finance, Nadia
00:24Ftaha, and the Minister of Finance, Fawzi Al-Qajar, along with a number of other members
00:29of the government.
00:30The bill was supported by 46 members of the parliament, while 13 other members of the
00:35parliament opposed it.
00:36Four other members of the parliament abstained from voting.
00:39The Council of Consultants mostly agreed on the second part of the financial law bill.
00:44The bill will be adopted by the Council of Representatives to study and vote on it in
00:51the context of a second reading.
00:57The two executive directors of the International Bank of Morocco agreed on the second project
01:01to identify and target the beneficiaries of social protection in Morocco worth $70 million
01:07in order to continue to support the ambitious reform that is underway in this field.
01:12The bank noted that this new initiative, which is based on the achievements of the first
01:17project, which witnessed the success of the design and implementation of the national
01:22bank, will contribute to the support of the foundations of an innovative social protection
01:27system and facilitate access to social services, especially for the benefit of deprived families.
01:33During his meeting with the Prime Minister Aziz Akhannouch on Thursday in Rabat, the President
01:41of the African Bank for Development, Akinomi Adesina, said that Morocco is the first
01:47country in the world that has benefited from the bank's investments in a $3.6 billion
01:53portfolio, where the bank will support a number of projects worth $1.5 billion this year.
01:59He also mentioned to the government that during these investigations, the great transformation
02:05that Morocco is witnessing was planned under the leadership of His Majesty King Mohammed VI,
02:10which enabled the kingdom to position itself among the top countries in the world and
02:14to become the most stable and advanced economy in Africa.
02:18The Egyptian pound ended local transactions on Thursday at its lowest level ever, when
02:24banking transactions were closed after government confirmation over the past few days about
02:29Egypt's commitment to ease the exchange rate.
02:32According to the Central Bank, the average exchange rate at the end of yesterday's transactions
02:39was 50.04 EGP, while the purchase price was 49.94 EGP.
02:44Egyptian Prime Minister Mustafa Madbouly said last Saturday that the exchange rate may
02:51see a rise or fall of 5% in the next period, according to the dollar demand movement.
02:58In addition, Egypt will not repeat its previous mistakes to the extent of expressing them
03:03in a sign of stabilizing the exchange rate for a long time.
03:09The Economic Cooperation and Development Organization's forecast for Israel's growth
03:15in 2024 decreased by 0.6% from 1.9% in its previous forecasts, which is less than the
03:23forecasts of the Israeli government and its central bank.
03:26The organization's forecast for its half-yearly economic growth was 2.4% in 2025, which is
03:333.8% and 4.4% of the Ministry of Finance's forecast, according to the Israeli Economic
03:41Globes.
03:42According to the latter, the Economic Cooperation and Development Organization does not feel
03:47optimistic about the financial deficit.
03:49The Ministry of Finance estimates that the deficit in the next year will reach 4.4% of the
03:57GDP, thanks to a significant adjustment in the balance sheet, as well as the analysis
04:02of inflation, which indicates that the organization, on the other hand, has a much higher deficit
04:07of 5.7% of the GDP.
04:14This is all we have for today. Thank you for watching.
04:18Stay safe and goodbye.
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