MEDI1TV Afrique : JT Economie - 07/11/2024
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00:00Hello and welcome, it's time for your Economy News.
00:11In Morocco, the National Commission for the Simplification of Administrative Procedures
00:16will number and simplify 22 decisions within regional investment centers, thus reducing
00:23to 45% the required documents for investors.
00:27Presented by the Minister in charge of investment, this project relies on the return of experience
00:34from investors and aims to make their journey more fluid by facilitating access to the necessary
00:39steps for small and medium-sized companies.
00:43The Minister said that several priority investment paths have been defined in consultation
00:49with different sectors, depending on their economic and social impact.
00:55Particular attention is given to Moroccans living abroad for whom a dedicated commission
01:01has been established.
01:02At the head of national economic news, the 2025 Finance Law Project also plans
01:09an investment budget of 17.27 billion dirhams for the Ministry of Agriculture,
01:17Marine Fisheries, Rural Development and Water and Forestry.
01:20According to the Ministry of Tutele, the Department of Agriculture will benefit from an increase
01:26of 4% of its investment budget, thus reducing 14.21 billion dirhams next year against
01:3413.62 billion dirhams this year.
01:38Investments will mainly be devoted to irrigation and the development of agricultural space
01:44with 6.63 billion dirhams, to the development of agricultural production lines with 6.24
01:53billion dirhams, as well as health and education, training and research.
01:59The budget for sustainable development, including the completion of the program for the reduction
02:03of territorial and social disparities, will raise 1.74 billion dirhams, with a particular
02:11focus on the de-enclavement of rural areas.
02:15Before closing the page, Morocco, know that the work of the extension of the fishing port
02:20of Laayoune has been launched for a budget of 210 million dirhams.
02:24This project is part of the 2030 Port Director Scheme and aims to support the socio-economic
02:30development of the region.
02:32By increasing the capacity to host and accompany the artisanal and coastal fishing activities,
02:38the port of Laayoune will be strengthened to better meet the needs of professionals.
02:43The extension envisages the demolition of obsolete infrastructures, the construction
02:48of a 350-meter-long quay and the establishment of new equipment with an area of 2.5 hectares.
02:57Over the next 20 months, the project also includes floating ramps and access walkways
03:03aimed at improving maritime traffic, safety and working conditions of fishermen.
03:09In international economic news, the public deficit of France will reach 6.1% of gross
03:17domestic product in 2024, according to the Finance and End Management Bill presented
03:23on Wednesday at the Council of Ministers.
03:25This is an important leap compared to the deficit of 4.4%, which was planned in the
03:32initial Finance and End Management Bill for this year.
03:35It would have been even more important without the several billion-euro loan cancellations
03:41that have reduced the expenses of the French state by around 6 billion euros to reach
03:46a total of 486.4 billion euros.
03:51The Finance and End Management Bill, which sets the budgetary adjustments to be made
03:57at the end of the year, envisages 5.6 billion-euro loan cancellations, which is added to the
04:049.4 billion euros that had already been annulled by the previous government.
04:09At the same time, loans have been opened for an amount of 4.2 billion euros, allowing
04:15in particular to ensure unforeseen expenses, including the cost of legislative elections
04:20anticipated last summer and support for New Caledonia.
04:25In addition to the economic news, the European, Spanish and Italian banks are
04:30showing progressive results in the third quarter.
04:34The Spanish bank Santander, for example, is paying the luxury of going ahead of BNP Paribas
04:40in terms of net benefits between July and September, i.e. 3.25 billion euros against
04:462.8 billion euros for the French.
04:48His compatriot WBB has released 2.63 billion euros of net benefits over the period, with
04:56a 26% increase over a year.
04:59In Italy, the net benefit of Intensa San Paolo has increased from 26% to 2.4 billion euros,
05:07with Unicredi climbing from 8.2% to 2.5 billion euros.
05:13Despite these good performances, discussions are underway on the merger of establishments
05:19in Europe, hardly to be realized.