Oxfam report, three billionaires with 4.5 billion dollars
Source : ANSAmed, Jan 25, 2018
Despite progress registered over the last 25 years, the population suffers from socio-economic inequalities that mostly affect youths and women. In practice, 10% of the wealthiest population has a lifestyle that is 12 times better than the poorest 10%, a gap that has not been diminishing since 1990.
The poverty rate went down between 2001 and 2014, from 15.3% to 4.8%, the report said. The average expenditure per year has grown from 10,000 dirhams to 15,000, yet wealth remains in the hands of a small group. Three billionaires share a wealth estimated at 4.5 billion dollars. Their assets are such that their annual earnings are on average what 375,000 poor Moroccans consume over the course of a year. In rural areas, half of residents live on less than 800 euros a year against 1,400 in urban areas.
In total, over 1.6 million residents are poor, unable to eat sufficiently and 4.2 million are on the brink of poverty. Youths and women are marginalized in the labor force: only 22% of women have a job.
Over half of the population aged 15 to 24 are unemployed, don’t study and are not receiving any form of training. Over one-third of Moroccans are illiterate. Those who go to school attend for an average of four and a half years compared to an average of 6.3 in Arab countries and over three years less than a worldwide average.
As far as health is concerned, Morocco has 6.2 doctors every 10,000 inhabitants, making it difficult for a large size of the population to get treatment.
Tags : Morocco, Oxfam