Morocco

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Of all the measures included in the new banking law – which came into force in February 2015 and is designed to enhance sector stability (see overview) – those that have received the most attention have to do with developing the kingdom’s Islamic banking segment. Since 2007, Moroccan banks and insurers have been allowed to offer three Islamic...

How has the banking system evolved in recent years, and what are the priorities going forward?

 

What changes are we likely to see resulting from Morocco’s new Banking Act?

 

In line with a global trend to increase private sector activity in infrastructure development, Morocco is now host to several major public-private partnership (PPP) projects, including the kingdom’s largest power station and port at Jorf Lasfar and Tanger-Med, respectively. PPP success has left the government keen to boost the number of such...

 

What is the outlook for the business environment?

 

Over the past 15 years Morocco has signed free trade agreements (FTAs) with some of the largest economies in the world. This has impacted the kingdom’s trade figures, though in some cases it has also been followed by increases in trade deficits with these partners. The next major accord Morocco is likely to sign is a Deep and Comprehensive FTA...

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