Address of the Minister of Finance
Presented at the High-Level Regional Seminar on Inflation Targeting
Hosted by the International Monetary Fund and Bank Al-Maghrib
Rabat, Morocco─April 4, 2007
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HIGH-LEVEL REGIONAL SEMINAR ON INFLATION TARGETING
Rabat, Morocco, April 4, 2007
KINGDOM OF MOROCCO
Ministry of Finance and Privatization
Department of Treasury and External Finances
ADDRESS OF THE MINISTER OF FINANCE
AT THE OPENING OF THE HIGH-LEVEL SEMINAR ON
Rabat, April 4 – 7, 2007
Honorable Governor of Bank Al-Maghrib
Ladies and Gentlemen,
It is a great pleasure for me to take part in the opening of this High-level Seminar
focusing on the important issue of inflation targeting.
First, I would like to thank the Honorable Governor Mr. Jouahri for this
praiseworthy initiative which reflects a deep awareness of the role to be played
henceforward by the central bank under its new Statutes that have confirmed its
I also appreciate the presence of distinguished personalities who are willing to share
with us their thoughts concerning their own experience in the management of
macroeconomic policy, particularly monetary policy.
Our meeting today to discuss monetary policy options is, in my opinion, a sign of:
• The significant achievements our country has realized in developing and
strengthening the financial sector, on the one hand; and
• The big challenges posed by an increased integration of our country into the
world economy, on the other.
In fact, during a period of slightly over a decade, our country has succeeded,
through a gradual and orderly approach,