00:00Hello and welcome to your daily economic news meeting on Mayday 1.
00:11In Morocco, the need for liquidity in banks is located at 118.2 billion dirhams on average
00:17weekly in April, against 113.3 billion dirhams a month earlier according to Banque Al Marib.
00:25In these conditions, the central bank brought the global volume of its injections to 130
00:30billion dirhams, of which 48.2 billion in advance, 50.9 billion through the operations
00:37of pensions delivered and 31 billion dirhams in the framework of long-term guarantees.
00:43On the interbank market, the average daily volume of exchanges reached 2.2 billion dirhams
00:49and the average weighted rate is located at 3% on average.
00:54As for the treasury market, rates have slightly dropped in April on the primary market
01:00and have remained stable on the secondary compartment.
01:04Still with the figures of Banque Al Marib between March and April, the Moroccan dirham
01:09was appreciated at 0.85% compared to the euro and was depreciated by 0.46% vis-à-vis the dollar,
01:18according to Banque Al Marib.
01:20On the interbank market, the volume of currency exchanges against dirhams reached 45.5 billion
01:27dirhams in April, by 20% from one year to the next.
01:31As for bank operations with the clientele, their volume displayed 30.6 billion dirhams
01:38for accounts purchases and 16.4 billion dirhams for those in the long term, against respectively
01:46132 billion dirhams and 15.6 billion dirhams one year in advance.
01:52In national economic news, cement deliveries have reached more than 4.10 million tons
02:00by the end of April, according to the figures of the Cementiers Professional Association.
02:05This is a sensitive 3.5% increase compared to the same period of the previous year.
02:13By segment, deliveries intended for distribution are located at 2.37 tons, followed by those
02:19addressed to concrete pre-employment, prefabricated concrete, buildings and infrastructure.
02:25In international economic news, 15 billion euros is the total investment project announced
02:34by Paris at the end of the Choose France summit.
02:37The event brought together 180 foreign bosses.
02:40At the head of the poster is the announcement by Microsoft of 4 billion euros of investment
02:46for a new data center in the east of the country and the enlargement of others in the Parisian
02:51region and near Marseille to meet the growing demand for artificial intelligence and
02:56cloud computing services.
02:59In total, the Elysée has unveiled a record number of 56 projects, potentially creating
03:0510,000 jobs after the 28 announcements and 13 billion of the 2023 edition.
03:11In addition to Microsoft, among the projects is a new low-carbon steel plant in the Somme
03:18and investments from Amazon to develop its cloud infrastructures in the Parisian region
03:23and its logistics infrastructure in Auvergne-Rhône-Alpes.
03:27Direction now Turkey, which has just unveiled an anti-inflation program.
03:32It is a three-year economic plan aimed at reducing public spending to get out of inflation
03:39which reached 70% over a year in April.
03:43The plan provides for many budget restrictions for the entire public service.
03:48The use of imported vehicles will end within the public service, promised the Ministry
03:54of Health.
03:55Other budget cuts are also planned to discipline expenses, such as the reduction of 10% of
04:02public budgets for the purchase of goods and services and 15% for investments, with
04:08the exception of expenses concerning the regions affected by the earthquake of February 2023.
04:14We end our edition today in the United States.
04:17In order to protect American companies and workers from a competition judged by Washington
04:23as unloyal, the White House announced an increase in customs rights applied to the
04:29equivalent of $18 billion in Chinese products.
04:32These new customs rights concern nearly 15 industrial sectors considered strategic,
04:39such as semiconductors, critical minerals, medical products or electric vehicles,
04:45the latter seeing, for example, their customs rights go from 25% to 100%.
04:50The American government has invested more than $860 billion to accelerate the production
04:56of electric cars, batteries for vehicles, but also solar panels made in America.
05:02But Washington accuses Beijing of strongly supporting its industries in these sectors
05:08considered strategic, with significant subsidies, which leads to an overproduction that Chinese
05:15companies are spilling into the world market by breaking prices, thus preventing
05:21the development of competing industries in other countries.
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