Govt. spokesman: Morocco has financial difficulties, not crisis

Morocco is not in financial crisis, but it has financial difficulties due to the complex situation caused by the global financial crisis, said on Thursday Communication Minister, Government Spokesperson, Khalid Naciri. At a press conference after the weekly cabinet meeting, Naciri said the Moroccan economy has managed to maintain a high rate of growth despite difficult economic conditions marked by soaring commodity prices and the financial market crisis. The government will make sure to manage problems facing the national economy due to the difficult global environment, particularly through the Price Stabilisation Fund, which absorbs significant funds to preserve the citizens’ purchasing power, the minister added. Responding to a question about efforts to protect citizens from food unfit for consumption, Naciri said the government is determined to stand firm against those who violate health rules.