ALMAGHRIBIA — broadcast
20260806 113000 UTC
520 transcript segments
Google Cloud Speech-to-Text API (Chirp) + Gemini 2.5 Flash Non-Thinking
Data courtesy of The GDELT Project (https://www.gdeltproject.org/), from the Internet Archive TV News Archive.
Machine transcription. Treat it as a searchable index of what was broadcast, not a verbatim quotation record.

[00:00:00] From the heat of Guelmim, the heat is
[00:00:01] the trend continued very strong. The sea is full of waves.
[00:00:05] I don't like the sea to be calm. And here,
[00:00:08] the cooling of the recorded temperature rise during
[00:00:11] this summer period has doubled the number of visitors to this beach, which
[00:00:15] provides ideal conditions for enjoyment and relaxation
[00:00:18] away from the heat of
[00:00:22] 2025. This the inland areas. The enjoyment is not complete except by swimming in these
[00:00:25] clear, refreshing waters. We
[00:00:29] came from home. This sea
[00:00:34] have a positive impact. Professor, in this is very beautiful. It's a family beach.
[00:00:37] It's respectable and beautiful. It has beautiful beaches. The whole
[00:00:40] area is surrounded by good beaches.
[00:00:43] We came with the family to relax a bit and spend
[00:00:48] is a great the holidays. We came to Mirleft beach. As for the sea, it's very beautiful,
[00:00:52] clean, and the managers are nice. The people
[00:00:57] in there are nice. We come here to Mirleft, Sidi Ifni, or Legzira, or all the areas near
[00:01:01] Sidi Ifni to relax and
[00:01:04] contribute today to to escape the heat in Guelmim. This sea is beautiful,
[00:01:07] thank God. You know, the people
[00:01:10] there are nice.
[00:01:13] the lofty goals that are in cost adopted in It's beautiful, with its waves, everything is good for swimming. It's clean. We're spending the holiday in Mirleft because
[00:01:17] it's beautiful, and Mirleft is beautiful anyway, and it has a sea.
[00:01:20] We came here to swim and play with the kids
[00:01:24] and to relax
[00:01:27] and rest. The weather here is nice. It's very nice. Today
[00:01:30] we went swimming, playing,
[00:01:33] playing with the kids and having fun.
[00:01:37] mainly focused on Now we came
[00:01:38] and logistical resources to Mirleft. The sea.
[00:01:41] My dad, mom, and I are swimming
[00:01:44] and playing football. Me
[00:01:48] today we have an opportunity in and our friends. and have gone far A beach with special
[00:01:51] to savings, and if we talk attractions that make it one of the most popular summer destinations
[00:01:54] for vacationers who find in these spaces the ideal
[00:01:57] tourist destination for spending their summer vacation.
[00:02:01] 25% of Goals made a difference
[00:02:04] and goal scorers wrote their names in letters of
[00:02:07] gold in the journey of the Atlas Lionesses towards the top of
[00:02:11] Group A in the Africa Women's Cup of Nations,
[00:02:14] added value and move us from Morocco 2026.
[00:02:17] From Sakina Azrawi to Maryam Atiq and from Ibtisam Jraidi
[00:02:21] to Sanaa Masoudi, each of them has a success story
[00:02:24] that led her to defend the colors of the national
[00:02:27] team. More details in the report. Safaa
[00:02:30] Nouri.
[00:02:33] Brilliance and leadership did not come from nothing. They are the fruit of
[00:02:37] years of work, persistence and belief in the dream of wearing the national
[00:02:41] jersey. In the Africa Women's Cup of Nations, Morocco
[00:02:44] 2026, each goal has a story and each
[00:02:50] 2%. In this goal scorer has a success story returns, but it has worth telling.
[00:02:52] The beginning of the continental journey was against Kenya when the
[00:02:55] first visitor scored in the 19th minute. Sakina
[00:02:58] Azrawi, born in 2001 in the city
[00:03:02] of Barcelona, Spain, opened the festival of goals
[00:03:05] and announced the start of Morocco's journey towards the top.
[00:03:08] are the reasons behind The striker, who honed when we talk about her talent between Spain
[00:03:11] I can talk to you about and Belgium and excelled with Belgian Anderlecht, confirmed
[00:03:15] that her European experience found its way into the African
[00:03:18] net. It wasn't
[00:03:22] I believe that in long before it was the turn of Maryam Atiq, the daughter of Kalaat
[00:03:24] Sraghna, who added the second goal in the
[00:03:27] 28th minute. The defender, whose talent
[00:03:30] was shaped in the Spanish stadiums before returning
[00:03:33] to defend the colors of Fath Union Sport,
[00:03:37] So today, if this began her international career in 2022 in preparation for the World Cup
[00:03:40] and proved that defenders also possess a scoring
[00:03:43] instinct. And after four minutes, the top scorer, who
[00:03:47] used to make history whenever she wore the national jersey,
[00:03:51] appeared. Ibtisam Jraidi made her glory with the Royal Army
[00:03:54] and won with her local and continental titles before
[00:03:58] And of course, as it was mentioned continuing her career with Al-Ahli Saudi, and she is the first Moroccan
[00:04:01] and Arab woman to shake the net in the Women's World Cup final
[00:04:06] benefited from the competencies after leading Morocco
[00:04:08] power of many to its first World Cup victory against South Korea and against Kenya, she scored the
[00:04:12] third goal, then returned to complete the quartet. In
[00:04:15] the North African summit against Algeria, the defense remained
[00:04:18] steadfast until the
[00:04:20] since this 84th minute before Sanaa Masoudi carved her way towards the opponent's
[00:04:24] goal. The Royal Army striker,
[00:04:26] meaning in the future, born in 1999,
[00:04:29] the daughter of Casablanca, chose the most difficult moments to fulfill Morocco's
[00:04:33] winning goal and write her name among the top scorers
[00:04:35] of the tournament. Five goals, four top scorers,
[00:04:40] exceptional resilience and seven points, and a deserved lead for Group A. They continue their journey
[00:04:44] towards the knockout stages, where a challenge awaits them
[00:04:48] named South Africa, the title holders and the team that
[00:04:51] snatched the cup from them in the final of the 2022
[00:04:54] edition. But the Moroccan women enter the quarter-finals
[00:04:57] carrying two weapons that have proven
[00:05:01] their effectiveness from the start: top scorers who know the way to the net
[00:05:04] and fans who love the game
[00:05:07] madly.
[00:05:10] With this, we have reached the end of this bulletin,
[00:05:13] and this is a reminder
[00:05:15] of its headlines.
[00:05:20] Royal care and attention is given to the health sector through
[00:05:24] the rehabilitation of the health system in the Kingdom. The rehabilitation challenge relies on
[00:05:27] training medical and
[00:05:31] paramedical competencies in various specialties.
[00:05:34] A royal vision that is translated today
[00:05:37] through modern institutions and training paths
[00:05:40] that meet the highest standards.
[00:05:43] In preparation for a new generation of health professionals.
[00:05:59] The events witnessed at the crossing points leading to Ceuta
[00:06:03] and Melilla brought the issue of migration back
[00:06:06] into the spotlight. A file in which security,
[00:06:09] humanitarian, and development dimensions are intertwined,
[00:06:13] and Morocco continues to consolidate a comprehensive approach
[00:06:16] that makes migration a shared responsibility based
[00:06:19] on strict management and respect for international
[00:06:39] commitments. In the midst of increasing risks of forest fires,
[00:06:42] Morocco continues to strengthen its prevention and intervention system
[00:06:46] by mobilizing advanced human
[00:06:50] based on monitoring and early warning, in addition
[00:06:54] to deploying specialized air and land means
[00:06:57] within a strict field coordination between
[00:06:59] the various stakeholders.
[00:07:06] Thank you, dear viewers, for your kind attention. May you be safe
[00:07:10] in God's care.
[00:07:55] We welcome you, dear viewers, to a new
[00:07:58] episode of the program "Economy in
[00:08:02] a Week." Remittances from Moroccans residing abroad
[00:08:05] are one of the most vital pillars of the national
[00:08:08] economy. They are a safety valve for the financial balance of the Kingdom,
[00:08:12] in addition to forming a strong social
[00:08:16] link that connects the generations of the diaspora
[00:08:19] to their homeland. The latest statistics indicate that
[00:08:22] remittances from Moroccans abroad increased during May
[00:08:25] to exceed 50 billion dirhams. However,
[00:08:29] the developmental problem lies in the weak channeling
[00:08:32] of these important financial resources towards
[00:08:35] investment projects. In addition
[00:08:38] to that, the high cost of financial
[00:08:41] remittances is one of the most prominent structural obstacles
[00:08:45] that prevent maximum benefit from
[00:08:48] savings directed to Morocco. These
[00:08:51] points and others will be discussed in
[00:08:55] this week's episodes. Before that, let's watch the following
[00:08:57] report.
[00:09:02] Remittances from Moroccans residing abroad are a pivotal
[00:09:06] element within the macroeconomic balance system
[00:09:09] of the Kingdom. This importance
[00:09:12] is mainly evident in their direct role in strengthening the national
[00:09:15] reserves of foreign currency and supporting the purchasing
[00:09:20] families. In recent years,
[00:09:23] remittances from Moroccans abroad have witnessed
[00:09:26] an unprecedented upward
[00:09:29] trend, exceeding all estimates
[00:09:32] and initial indicators of international financial
[00:09:36] institutions. After these flows used to record
[00:09:39] an annual average of around 60
[00:09:43] to 65 billion dirhams in the years
[00:09:46] preceding the Covid crisis,
[00:09:49] the Moroccan diaspora showed
[00:09:53] and solidarity,
[00:09:55] as remittances jumped remarkably to exceed the 93
[00:09:59] billion dirham mark in
[00:10:03] 2021,
[00:10:05] before continuing to break records by registering
[00:10:09] 110 billion dirhams in
[00:10:12] 2022,
[00:10:15] then 115 billion dirhams in
[00:10:18] 2023.
[00:10:21] This dynamic did not stop there, but
[00:10:26] to rise during 2024
[00:10:28] to exceed
[00:10:32] 18 billion dirhams, reaching
[00:10:35] a record peak of more than 122
[00:10:39] billion dirhams
[00:10:42] by the end of
[00:10:47] growing performance continued its extension into
[00:10:50] 2026, where remittances amounted to
[00:10:54] more than 50 billion dirhams
[00:10:57] during the first five months
[00:10:59] alone.
[00:11:01] And if the official data issued by financial
[00:11:05] governance institutions confirm the upward
[00:11:08] trend of these resources, then
[00:11:11] the developmental problem remains
[00:11:14] regarding the effectiveness of redirecting these capitals towards
[00:11:17] productive sectors with
[00:11:21] added value. And benefiting
[00:11:23] from these flows
[00:11:27] requires addressing structural obstacles related to the weak involvement
[00:11:30] of the diaspora in the entrepreneurial fabric, in addition
[00:11:33] to reducing the financial banking
[00:11:37] intermediation in accordance with international
[00:11:40] recommendations and standards. Nearly
[00:11:43] 87% of these remittances are
[00:11:46] directly directed to support the daily consumption
[00:11:49] of families, in addition to healthcare
[00:11:52] and education. As for the remaining
[00:11:55] percentage, it is often limited to classic
[00:11:59] unproductive investments,
[00:12:02] individual real estate and liquid assets, in
[00:12:05] addition to small commercial activities. One
[00:12:09] of the most important obstacles that limit the effectiveness of these
[00:12:13] financial flows and consume a significant
[00:12:16] portion of their value is the high fees for sending
[00:12:20] money. According to World Bank data,
[00:12:24] the average cost of sending 200
[00:12:27] US dollars to Morocco hovers around
[00:12:30] 5.9%,
[00:12:33] which is a figure that far exceeds the
[00:12:36] target set within the United Nations Sustainable
[00:12:39] Development Goals, which aims to reduce
[00:12:43] to less than three
[00:12:47] percent by 2030.
[00:12:49] This cost varies depending on the sending
[00:12:52] channels and the countries of origin, with
[00:12:55] the highest costs recorded for cash-based transfers
[00:12:59] through traditional agencies, sometimes reaching more
[00:13:03] than 8%, while they decrease when
[00:13:06] relying on digital applications and direct
[00:13:09] transfers between bank accounts to reach about
[00:13:15] context, Bank Al-Maghrib, in cooperation with
[00:13:18] international partners such as the World Bank,
[00:13:21] seeks to encourage financial technology
[00:13:24] and digitalization solutions to enhance competition
[00:13:27] among actors and facilitate financial flows at
[00:13:30] a lower cost and higher credibility, which
[00:13:34] allows for better utilization of every
[00:13:37] dirham sent from
[00:13:38] overseas.
[00:13:43] To discuss this topic, we are pleased to host Professor
[00:13:47] Driss Alaoui, the expert and economic analyst. Welcome.
[00:13:50] Welcome. First, Professor, remittances from Moroccans
[00:13:54] residing abroad are a great support for the national economy,
[00:13:57] of course, through the inflow of foreign currency into the treasury
[00:14:00] and also social support for many families.
[00:14:04] The latest statistics indicate that these remittances exceeded
[00:14:07] 50 billion dirhams, and Bank Al-Maghrib expected
[00:14:11] them to continue to grow to reach about 129
[00:14:15] billion dirhams between 2025 and 2027. Professor,
[00:14:19] a reading of these figures and indicators.
[00:14:23] in your introduction, today we are talking
[00:14:27] about a pillar of the national economy
[00:14:30] because today, if we look at the last five years, we are
[00:14:34] talking about a significant increase and
[00:14:37] development from one year to
[00:14:41] another. Today we are talking about more than 122 billion
[00:14:45] dirhams during 2025.
[00:14:48] So if we talk about what was done in May,
[00:14:51] we are talking about more than 50 billion dirhams, and what
[00:14:55] is important to note is that there is an increase of approximately
[00:14:59] 10%, compared to the same period
[00:15:03] of 2025. Therefore, today
[00:15:06] these remittances from Moroccans abroad can be considered
[00:15:10] a safety valve for the foreign
[00:15:13] currency of the Kingdom of Morocco, because if
[00:15:17] we take the foreign currency of the Kingdom of Morocco,
[00:15:20] we are talking about approximately six months,
[00:15:23] almost a quarter of it comes from remittances
[00:15:26] from Moroccans abroad. Therefore, the importance of
[00:15:30] these remittances lies not only
[00:15:33] in helping families, but also in
[00:15:37] purchasing power, because if we talk about the economy
[00:15:40] in general and comprehensively, we know that
[00:15:44] the Moroccan economic growth is always linked to domestic
[00:15:47] purchasing power. Therefore, the higher the purchasing
[00:15:51] power, the more economic growth there will be.
[00:15:55] So it is certain that since
[00:15:57] more than five years ago, we have been talking
[00:16:00] about what we lack today is to convert
[00:16:04] these funds into
[00:16:07] productive investments and investments that can
[00:16:12] regard, allow me to interrupt, integrating
[00:16:15] Moroccans abroad today into the development challenge. We know that
[00:16:18] there are important contributions to supporting the national economy
[00:16:22] through remittances from Moroccans, but on the other hand, there
[00:16:26] weakness in investment, meaning only
[00:16:29] 10% is converted into productive
[00:16:32] investments
[00:16:34] Morocco. It is certain, Professor, that when
[00:16:38] I said that the challenge today is how we can benefit
[00:16:42] from these remittances from Moroccans abroad so that we have
[00:16:45] investments that create added value and create
[00:16:48] jobs, because if we talk about statistics, only 10%
[00:16:52] goes to investments. If we take
[00:16:55] it as a whole, we will find that only 1% of investments
[00:16:59] go to sectors that are strategic
[00:17:02] and have very high added value. Therefore, today
[00:17:06] we should not limit our analysis
[00:17:09] to this 10%, but also look at other
[00:17:13] amounts because the statistics talk about
[00:17:17] approximately 60% directed
[00:17:20] to family aid, etc. We have approximately
[00:17:23] 30% going
[00:17:28] about savings, we should not forget that they
[00:17:31] have an impact and a very important role in the liquidity of
[00:17:35] banks, because we are talking about approximately
[00:17:39] national savings. So today, if you take
[00:17:42] 30% and 10%, that's 40% of the total
[00:17:46] amount. We are talking about very
[00:17:49] large amounts. Today, if we talk in economic terms,
[00:17:52] if we look at an average and talk about
[00:17:56] 40 to 50 billion dirhams annually,
[00:17:59] if we talk about investment in promising sectors and strategic sectors that have
[00:18:03] high added value and economic growth,
[00:18:06] because if we go to strategic sectors, we know that the analysis
[00:18:10] that we can talk about to talk about a sector
[00:18:14] that is important and attractive for
[00:18:16] investments is that it has annual growth and it has
[00:18:20] a risk percentage and it has, of course, not just investment
[00:18:25] an economic term called economic value added.
[00:18:29] If I take these indicators and analyze them,
[00:18:32] I say that we have a lack
[00:18:36] or opportunities that we can benefit
[00:18:40] from in the Kingdom of Morocco, but we don't.
[00:18:42] And Professor, what
[00:18:46] these reasons?
[00:18:49] the development of these
[00:18:52] remittances from Moroccans abroad, because in the past, it was not
[00:18:56] possible for us to talk about this, meaning
[00:18:59] with these economic terms to encourage
[00:19:03] Moroccans abroad. Today, if we look at the nature of the formation
[00:19:07] of Moroccans abroad, we are talking about businessmen,
[00:19:10] we are talking about doctors, engineers, students who have reached
[00:19:13] great competencies, unlike in the past, meaning previous generations
[00:19:17] only had workers who we only talked
[00:19:21] about them helping their families
[00:19:24] only. So today, what we need is
[00:19:27] that Moroccans abroad need
[00:19:30] to confirm that percentage of trust, and we can
[00:19:34] also talk about forming
[00:19:37] an investment force. Why? Because if we take
[00:19:41] examples of countries that
[00:19:44] of their citizens outside their homelands, what do they do? They create
[00:19:47] investment funds and investment funds
[00:19:50] are created. And that fund of
[00:19:53] for example, Moroccans abroad, and we see that there
[00:19:57] are companies to confirm to you
[00:20:00] that the amount that you will invest in the Kingdom of Morocco
[00:20:04] will give you a return of 5% or 6%
[00:20:07] so that we can talk about the sustainability
[00:20:10] of these investments, and I
[00:20:13] mean, for more than four years, I have always called for
[00:20:17] a roadmap with a phased evaluation.
[00:20:21] Today, if we are at 10%, it's not a shame,
[00:20:24] but the shame is to go more than 10 years
[00:20:27] and still be at this
[00:20:30] level. It is certain that last year I saw that the Minister
[00:20:33] in charge of investments had meetings that we were talking
[00:20:36] about three years ago. There were
[00:20:40] meetings with Moroccans abroad in the regions
[00:20:44] of the Kingdom. Today we need to evaluate these meetings. Did they give
[00:20:48] us any results or not? Let's look
[00:20:50] at the potential, meaning the future, of
[00:20:53] these Moroccans abroad who send us these amounts. Let's look
[00:20:57] at why we remain at 10% and are limited
[00:21:01] only to sectors that we say do not have
[00:21:04] a high added value so that we can talk about a roadmap
[00:21:08] for the medium and long term.
[00:21:12] And why not set targets
[00:21:16] for five years and 10 years that we can talk about,
[00:21:20] for example, 20% of investments in
[00:21:22] promising sectors and strategic sectors.
[00:21:26] And we should not, and this is also an opportunity to talk to Moroccans
[00:21:29] abroad that today the Kingdom of Morocco is a destination
[00:21:33] for foreign investors. If we are talking about a destination
[00:21:36] for foreign investors, then
[00:21:39] those investors, of course, have their standards
[00:21:42] that are well-known internationally. These people would not come if they had not
[00:21:46] seen great opportunities for investment
[00:21:49] returns. Therefore, today, just
[00:21:52] as Moroccans abroad
[00:21:54] the epic, for example, in the World Cup, these Moroccans
[00:21:58] abroad will contribute to achieving
[00:22:03] the new development model that His Majesty
[00:22:06] King Mohammed VI, may God assist him, wanted to be
[00:22:10] a model whose returns directly benefit
[00:22:13] all citizens. Today, if we are talking today about
[00:22:17] strategic sectors, we can talk about growth
[00:22:20] that exceeds 20% and added value that exceeds
[00:22:23] 25%, for example, in strategic
[00:22:26] sectors and digitalization. So today, if Moroccans abroad are in
[00:22:30] countries that have made great strides, for example, in digitalization,
[00:22:34] in the digital economy,
[00:22:38] the Kingdom of Morocco to go in this direction
[00:22:41] so that in the medium
[00:22:45] and long term, we can talk about that capital
[00:22:48] that the Kingdom of Morocco returns
[00:22:52] to Moroccans abroad and they have that investment
[00:22:56] power not only in
[00:22:59] infrastructure, but also in vital sectors that can create
[00:23:04] family aid, which we go to, to having
[00:23:08] an impact to create job opportunities, and this is the biggest
[00:23:12] challenge today in the Kingdom of Morocco. This leads us to talk about the effectiveness
[00:23:15] of today's incentive mechanisms that are offered.
[00:23:19] There are investment funds. How do these
[00:23:22] mechanisms contribute, and are they effective
[00:23:24] and efficient in converting this part of these
[00:23:28] remittances into investments that you said are successful in
[00:23:31] industrial sectors and sectors with high added value? It is certain that
[00:23:35] if we talk today about the direction of the Kingdom of Morocco, it is to
[00:23:39] provide assistance to investors, whether they are foreign
[00:23:42] investors or Moroccans abroad. Today, what we need
[00:23:46] is to also invest in communication, because it is not
[00:23:50] possible that these programs that exist today, among
[00:23:54] which is the new investment charter, which is very important
[00:23:57] for me, which gives - and this is an opportunity to remind Moroccans
[00:24:01] abroad of this information - that it may reach
[00:24:04] 30% of the total investment as aid, not
[00:24:08] a loan. It is aid, and of course, there
[00:24:11] are also banks that may trust those projects
[00:24:15] and go ahead and finance
[00:24:18] them, because the biggest challenge, I always say, is
[00:24:22] the active participation of banks, because they are the engine of the economy.
[00:24:27] new investment charter is a mechanism
[00:24:30] to support investment,
[00:24:33] and not just to support investment in
[00:24:37] a specific area, but to expand
[00:24:40] the base, then today we know that Moroccans abroad
[00:24:44] always have that longing for the region they come from. Therefore,
[00:24:47] if we look at remote areas, there are territorial
[00:24:50] incentives, there are sectoral incentives, and there are also
[00:24:54] employment incentives, meaning for employing labor.
[00:24:58] Therefore, what is needed today
[00:25:00] is not to delve too much into numbers, but to look
[00:25:04] at the impact. If it has been two or three
[00:25:07] years, I think,
[00:25:10] new investment charter for strategic
[00:25:13] sectors and large companies was introduced, then today
[00:25:17] this is an opportunity to say what we have achieved
[00:25:21] in this period. And when we talk about what we have achieved,
[00:25:24] it's not about the signed contracts, meaning how many
[00:25:28] investment contracts we have signed, but how many
[00:25:31] projects have reached 50%, 60%, or
[00:25:35] 80%? How many job opportunities
[00:25:39] have been created? And when you bring Moroccans abroad and you bring
[00:25:42] معهم هذه افكار اللي ربما اننا نشاركوها يعني جميع
[00:25:46] لان اعتقد بان من مسؤوليتنا ايضا حنا اننا
[00:25:49] نعطيو امثله حيه هو انه الى جبت مغاربه العالم وجبت
[00:25:53] two or three companies or entrepreneurs
[00:25:57] who benefited from this new investment
[00:26:01] charter and he told you, "I started with an amount
[00:26:04] of 10 million or 20 million dirhams, and here's where I am now,"
[00:26:08] and I gave living examples, perhaps I will benefit from
[00:26:11] those Moroccans abroad, even if he doesn't want to reinvest.
[00:26:14] Meaning, from scratch, we give, there are
[00:26:17] mechanisms that tell him, "Look, these people have started projects, they want
[00:26:21] to develop, they want to develop their project." So you evaluate
[00:26:25] those companies, and when you evaluate them, you tell him, "Welcome,
[00:26:29] come and enter the capital, enter the capital." You have found
[00:26:33] that capital that was going to some
[00:26:36] sectors that did not have added value. You come and give him
[00:26:39] a project that is on the right track
[00:26:43] and has prospects and has the ability to
[00:26:46] make profits in it. And of course, if we talk about 30% going
[00:26:50] to savings, you will tell him, "Instead of saving that 30% of
[00:26:53] that whole amount, you will give us 10% or
[00:26:56] 15% of that amount, and you have that return on it,
[00:27:00] and its yield, and its residual
[00:27:04] benefit gives you the vision for five years, seven years, 10
[00:27:08] years." And when you see successful models,
[00:27:11] it is certain that a Moroccan
[00:27:14] resident in other countries who speaks
[00:27:17] the language of businessmen will see profit, and of
[00:27:21] course, he will not back down. The way we
[00:27:24] can make the participation of Moroccans
[00:27:28] abroad a reality so that we can then talk
[00:27:31] about sustainability and durability. These
[00:27:34] also play an important role in achieving regional development
[00:27:38] for all regions. It is certain because, as
[00:27:41] I previously said, dear
[00:27:45] Professor, Moroccans abroad, we know that we have
[00:27:48] that connection to our regions. So today, if you go to those
[00:27:52] remote areas, there may be in the new investment
[00:27:55] charter that can go up to 15%,
[00:27:59] meaning it gives you from the value of the investment.
[00:28:09] investment, but also we have this culture that
[00:28:13] the people of the country, the people of the region where he is,
[00:28:17] I brought an investment and I will employ people in it. And of course,
[00:28:20] there will be returns on my investment.
[00:28:23] Just if you allow me, as a
[00:28:27] One last point is that in order to achieve all of this,
[00:28:30] the effective involvement of politicians is essential. Because today, I mean,
[00:28:34] I am in contact with Moroccans around the world who live far away. What happens
[00:28:38] is that they want to invest in those distant areas, but the infrastructure, meaning
[00:28:42] the roads and how to reach that area, there are some things
[00:28:45] that we can work on. Yes, let's discuss a very
[00:28:48] important point in this field, which is the issue of the cost
[00:28:52] of Moroccan remittances. Of course, the United Nations recommends
[00:28:55] reducing remittance fees to less than
[00:28:58] 3%, but we have a cost
[00:29:02] that reaches 5%. What is the solution
[00:29:05] to this problem? Well, of course, when we talk
[00:29:10] cost, thankfully, today it is not
[00:29:13] an obstacle. It is true that there is a cost
[00:29:17] that could burden these people
[00:29:21] who want to make remittances.
[00:29:24] the Kingdom of Morocco, we need to be aware of the nature
[00:29:27] of remittances. Our remittances mostly go to families,
[00:29:31] to families in remote areas, etc.
[00:29:34] Remittances are among these, among these
[00:29:38] these, I mean, remittances that
[00:29:40] go, or among the solutions we are talking about,
[00:29:44] is the use of technology. This FinTech
[00:29:47] we are talking about FinTech that can solve the problem,
[00:29:51] not only of cost, but also of the speed
[00:29:54] of families receiving these amounts. Because if
[00:29:57] we talk about these remittances through these
[00:30:01] advanced technological programs, we are
[00:30:04] talking about the operation, or
[00:30:07] the transaction, or the process, you will do it from your phone
[00:30:10] and the person who, of course, has had these
[00:30:13] amounts transferred to him will receive them immediately. However, as I told you, we need to
[00:30:17] understand the structure. Not everyone has access. Yes, that is
[00:30:21] the question, is this process available to everyone? It is
[00:30:24] not whether it is available, but whether we can implement it. It is available,
[00:30:29] in the near future, it will be available. It will just remain, meaning
[00:30:33] whether we will familiarize ourselves with it quickly or not, because
[00:30:36] today the vast majority, what do they talk about? They talk about
[00:30:40] remittances from bank agencies, from, I mean, from bank to bank,
[00:30:43] and they go and take their national ID card and go get their money. Therefore,
[00:30:47] today, this cost, as I told you, there is also something
[00:30:51] that we need to work on in the Kingdom of Morocco. We are talking about very large
[00:30:54] amounts. We said that Bank Al-Maghrib is talking about approximately
[00:30:58] 130 billion dirhams, a total amount.