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Paper Presentation: Economic Impacts of the 2023 Earthquake: Damages and Recovery Strategy

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10:15 am January 2024
Add to Calendar 2024-01-22 10:15:00 2025-05-02 15:36:57 Paper Presentation: Economic Impacts of the 2023 Earthquake: Damages and Recovery Strategy Description Location Policy Center Policy Center Africa/Casablanca public

The earthquake event with a magnitude of 7.0 on the Richter scale, striking Al Haouz on September 8, 2023, has resulted in a profound tragedy for Morocco. Nearly 2,943 lives were lost, and 4,661 individuals were injured, with 1,139 identified as severe. The impact extends beyond human casualties to include substantial material damage, with 59,674 buildings collapsed, of which 32% were completely destroyed, and 68% partially damaged.

In this context, the Policy Center for the New South is organizing an event centered on a research paper presentation that provides an initial estimate of the earthquake's impact on both the macroeconomic and provincial levels, with a specific focus on the regions most affected by the earthquake. This event will also serve as an opportunity to discuss an initial assessment of the recovery plan, considering various scenarios related to the financing of the ambitious 5-year reconstruction plan proposed by the Moroccan authorities.

 

AGENDA

10:15– 10:30

  Welcome Coffee

10:30 – 11:00

Economic Impacts of the 2023 Earthquake: Damages and Recovery Strategy

Moderator: Ait Ali Abdelaaziz, Head - Research in Economics

Speakers:

Eduardo Amaral Haddad, Senior Fellow, Policy Center for the New South

11:00 – 11:30  

Q&A/Discussion
Speakers
Abdelaaziz Ait Ali
Head - Research in Economics
Abdelaaziz Ait Ali is a principal Economist and head of the Research Department at the Policy Center for the New South. He joined the Center in 2014 after five years of experience at the Central Bank of Morocco. He worked as an economist in the International Studies and Relations Department and was analyzing the real estate price index and financial asset prices for monetary policy and financial stability purposes. Since then, Abdelaaziz has focused on cyclical and structural issues of the Moroccan economy, including macroeconomic management and industrial policy design. He has published articles on the reform of the exchange rate regime in the Moroccan economy and its implications for macroeconomic regulation, as well as on the evolution of the macroeconomic framework over th ...
Eduardo Amaral Haddad
Senior Fellow
Eduardo A. Haddad is Full Professor at the Department of Economics at the University of São Paulo, Brazil, where he directs the Regional and Urban Economics Lab (NEREUS). He is additionally a Affiliate Professor at the Faculty of Governance, Economic and Social Sciences of the Mohammed VI University. He also holds a position as Affiliate Research Professor at the Regional Economics Applications Laboratory – REAL – at the University of Illinois at Urbana-Champaign, USA. He is a Senior Fellow at the Policy Center for the New South, Rabat, Morocco. Prof. Haddad has published widely in professional journals on regional and interregional input-output analysis, computable general equilibrium modeling, and various aspects of regional economic development in developing countries; he ...