Morocco Better Resisted Financial Crisis

Cairo – Thanks to its diversified economy, Morocco has better resisted the global financial crisis, IMF managing director Dominique Strauss-Kahn said.

“Countries with diversified economies, such as Morocco, have better resisted (the global financial crisis) and could have a strong rate of growth,” Strauss-Kahn said in an interview published on Wednesday by the Egyptian newspaper Al Ahram Hebdo.

“Morocco is a very good example. This country has successfully overcome the crisis. It will have a strong growth,” he said.

Strauss-Kahn noted that one of the problems in some African countries and other parts of the world is “having an economy insufficiently diversified or completely energy-based.”

The IMF boss mentioned some cases such as Nigeria, where the contribution to the GDP (excluding oil GDP) got less and less important in recent years and it is more difficult for the country to resist the crisis.

In this sense, he stressed the need for the integration of economies in the global market with a wide variety of products, underlining that he is “optimistic” for Africa after the global financial crisis.

“Overall, Africa has overcome the crisis better than expected. Now we notice in most countries a return to growth,” he said.


Archive pour 12 avril, 2010

Morocco Better Resisted Financial Crisis

Cairo – Thanks to its diversified economy, Morocco has better resisted the global financial crisis, IMF managing director Dominique Strauss-Kahn said.

“Countries with diversified economies, such as Morocco, have better resisted (the global financial crisis) and could have a strong rate of growth,” Strauss-Kahn said in an interview published on Wednesday by the Egyptian newspaper Al Ahram Hebdo.

“Morocco is a very good example. This country has successfully overcome the crisis. It will have a strong growth,” he said.

Strauss-Kahn noted that one of the problems in some African countries and other parts of the world is “having an economy insufficiently diversified or completely energy-based.”

The IMF boss mentioned some cases such as Nigeria, where the contribution to the GDP (excluding oil GDP) got less and less important in recent years and it is more difficult for the country to resist the crisis.

In this sense, he stressed the need for the integration of economies in the global market with a wide variety of products, underlining that he is “optimistic” for Africa after the global financial crisis.

“Overall, Africa has overcome the crisis better than expected. Now we notice in most countries a return to growth,” he said.

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