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Progress and Socialism: Growth Improvement Not Enough
๐Ÿ‡ฒ๐Ÿ‡ฆ Morocco /Economy & Trade

Progress and Socialism: Growth Improvement Not Enough

From Hespress · () Arabic

Translated from Arabic, summarized and contextualized by DistantNews.

At a glance

News Official statement Context piece
  • The Progress and Socialism Party (PPS) criticized the government's economic policies, stating that a recent improvement in growth rates is insufficient.
  • The party highlighted that the government ignored its warnings about necessary reforms for five years, leading to failure on multiple fronts.
  • PPS called for structural economic transformation, fair distribution of growth benefits, and addressing unemployment and purchasing power issues.

The Moroccan Progress and Socialism Party (PPS) has voiced strong criticism of the current government's economic management, asserting that a reported improvement in growth rates is merely a temporary upturn and insufficient to address deep-seated issues. The party's political bureau, in its weekly meeting, noted positive elements in Bank Al-Maghrib's latest report but stressed that these align with the party's long-standing warnings to the government about necessary reforms.

there are a number of positive elements in the Bank Al-Maghrib report, mainly related to a tangible improvement in the growth rate.

โ€” Progress and Socialism PartyThe party acknowledged positive aspects in the central bank's report while maintaining its critical stance on the economy.

The PPS stated that the government "insisted on not responding, and on not listening to any different voice," which resulted in its term being marked by failure across various sectors. The party, which is in opposition, emphasized the need for a "structural and sustainable transformation" in the Moroccan economy. This transformation, they argue, should be based on modern industrialization, food sovereignty, natural resource conservation, support for national enterprises, and sufficient job creation, prioritizing the real needs of Moroccans.

Furthermore, the party highlighted the critical importance of "fair distribution of the fruits of growth" and ensuring that economic progress has a just social and spatial impact. They called for a significant shift in public policies to tackle record unemployment levels, integrate individuals outside the education, training, and employment systems, and improve the purchasing power of citizens struggling with rising costs. The PPS also cautioned against over-reliance on unsustainable or temporary resources, such as innovative financing or contextual tax revenue increases driven by inflation.

it is necessary not to be satisfied with the circumstantial improvement in growth rates, but rather to bring about a structural and sustainable transformation in our Moroccan economy.

โ€” Progress and Socialism PartyThe party called for fundamental economic changes beyond temporary growth figures.

Beyond economic concerns, the PPS addressed international issues. The party expressed solidarity with the family of a Moroccan migrant killed by police in Bologna, Italy, demanding a thorough, transparent investigation and accountability. They condemned racist right-wing ideologies targeting migrants. Regarding the Middle East, the PPS urged for a de-escalation, peaceful solutions, and a political resolution to prevent wider conflict, noting the severe impact on fuel prices, supply chains, and global living conditions. The party also reiterated its condemnation of Israeli actions against Palestinians and called on the international community to ensure Lebanon's sovereignty.

the urgent need to ensure the fair distribution of the fruits of growth, and to achieve a fair social impact and an equitable spatial effect for any economic growth.

โ€” Progress and Socialism PartyThe party stressed the importance of equitable distribution of economic gains and their impact on society and regions.

Internally, the PPS called on its members nationwide to actively engage in communication efforts. The goal is to enhance the party's appeal, strengthen its reputation, and effectively disseminate its ideas, programs, and positions to a wider audience across all regions.

the need to avoid excessive reliance on unsustainable, depleted, circumstantial, or slowing resources, such as innovative financing or the contextual increase in tax revenue due to inflation.

โ€” Progress and Socialism PartyThe party warned against depending on unstable economic resources for growth.
DistantNews Editorial

Originally published by Hespress in Arabic. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.