Egyptian Delegation Explores Moroccan Prowess in Economic Data Compilation

Friday 29 December 2023 - 08:40

In a noteworthy diplomatic exchange, Morocco's High Planning Commission (HCP) recently welcomed a distinguished delegation from Egypt to Rabat. This rendezvous was not just a customary visit; it was a strategic exploration of Morocco's expertise in the meticulous compilation of national economic data.

The visiting delegation, comprising officials from the Egyptian Central Agency for Public Mobilization and Statistics (CAPMAS) and the Ministry of Planning and Economic Development, engaged in enlightening discussions facilitated by the Middle East Technical Assistance Center (METAC) of the International Monetary Fund, according to an official statement from the HCP.

Central to the dialogue during this insightful study tour was the exploration of best practices surrounding the implementation of the System of National Accounts SCN2008. The sessions delved deep into methodological intricacies, encompassing the development of annual, quarterly, and regional national economic reports, as meticulously outlined in the official communication.

A pivotal aspect of the exchange involved an in-depth exploration of sources and methodologies for estimating the informal sector's contribution to the Gross Domestic Product (GDP). The delegation availed itself of the opportunity to grasp the nuanced intricacies involved in this critical economic assessment.

The atmosphere of the discussions was marked by mutual satisfaction, with both the Moroccan hosts and the Egyptian delegation expressing contentment with the depth and scope of the exchange. Beyond mere satisfaction, there was a shared ambition to fortify collaboration on various fronts, particularly focusing on methodological innovations in national economic reporting.

As Morocco generously shared its wealth of experience, the Egyptian delegation departed Rabat not only with newfound insights but also with a commitment to ongoing cooperation. This exchange not only solidified diplomatic ties but also laid the groundwork for future collaborations that promise to enrich the economic reporting landscapes of both nations.