Morocco mulls subsidies to halt food price inflation
2008-03-27
The Moroccan government will take measures to halt the rise of staple food prices, regardless of global market prices, Prime Minister Abbas El Fassi said on Wednesday (March 26th). El Fassi added that the government would likely subsidise basic consumer goods out of the Compensation Fund that is expected to grow to approximately $4 billion by the end of the year. The move aims to address concerns about dwindling purchasing power. Rising food prices and an increasing cost of living have triggered a series of demonstrations throughout the country since September 2007. In February the public sector trade union representing approximately 150,000 civil servants threatened a 24-hour nationwide strike to demand compensation against inflation.
Email to a friend
Print version
We welcome your comments on Magharebia's articles.
It is our hope that you will use this forum to interact with other readers across the Maghreb. In order to keep this experience interesting, we ask you to follow the rules outlined in the comments policy. By submitting comments, you are consenting to these rules. While Magharebia.com encourages discussion on all subjects, including sensitive ones, the comments posted are solely the views of those submitting them. Magharebia.com does not necessarily endorse or agree with the ideas, views, or opinions voiced in these comments. This is a moderated forum. Comments deemed abusive, offensive, or those containing profanity may not be published.
Magharebia's Comments Policy