Cet épisode revient sur la politique monétaire au Maroc, en soulignant sa capacité à maintenir une inflation faible et stable sur le long terme grâce à un cadre macroéconomique solide. Il met en avant le rôle central des réformes institutionnelles et de la Banque centrale dans le renforcement de la crédibilité et de l’efficacité des décisions monétaires. La discussion aborde également les mécanismes de transmission, dominés par le canal du crédit, ainsi que les limites de la politique monétaire dans la transformation structurelle de l’économie. Enfin, l’épisode analyse les enjeux liés à la transition vers un régime de change plus flexible, notamment en termes de résilience économique et de maîtrise de l’inflation.
Speakers
Oumayma Bourhriba
Senior Economist
Oumayma Bourhriba is a Senior Economist at the Policy Center for the New South (PCNS).At the PCNS, which she joined in 2019, Oumayma Bourhriba conducts research focusing on macroeconomic policies and international trade, with a particular emphasis on services.She has contributed to major publications on the Moroccan economy, such as the IMF’s Morocco's Quest for Stronger and Inclusive Growth (2023) and the World Bank’s Trade Policy in Morocco: Taking Stock and Looking Ahead (2023). Beyond her research, she has coordinated the Africa Economic Symposium, one of the flagship convenings organized by the PCNS.Oumayma Bourhriba holds a master’s degree in applied economics from University Mohammed V (UM5), where she is currently a PhD candidate.She is fluent in Arabic, English, ...
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 ...
Faiçal Hossaini
Academic Associate, Mohammed VI Polytechnic University, Rabat
Faiçal Hossaini teaches economics at the Faculty of Governance, Economics and Social Sciences (FGSES) of Mohammed VI Polytechnic University (UM6P) in Benguerir. He holds a Doctorate in Macroeconomics from Mohammed V University, along with a Master’s degree in Economics and a Master’s degree in Finance, both from the University of Quebec in Montreal (UQAM). Prior to joining FGSES, he spent over 10 years as an economist at the Economic Studies Department of the Moroccan Central Bank, where he gained extensive experience in economic policy. He has also taught economics and econometricsin Morocco and abroad.
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