Morocco to inject $3.3b to boost purchasing power

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RABAT, Nov 15 (Xinhua): The Moroccan government will inject 28.9 billion dirhams (3.3 billion US dollars) under the 2009 financial act to boost the purchasing power of the country's population, the official MAP news agency reported yesterday.
The measure is part of the plans to reform the compensation fund which is created to make up for the differences between international and local prices, MAP said, quoting minister of economic and general affairs Nizar Baraka.
The reforms include revising oil products prices as of January 2009, after the international crude prices undergone substantial increases in the past year.