King Mohammed VI came to power 20 years ago, following the death of his father, King Hassan II, in July 1999, after ruling for 38 years. Towards the end of his reign, King Hassan II had begun to make liberalising reforms, appointing left-wing opposition figure and human rights lawyer Abderrahmane Youssoufi to head the government in 1998. The...
Since the early years of the current century, Moroccan companies – in particular in the telecoms, financial services and phosphate sectors – have been expanding into sub-Saharan African countries, with an initial focus on francophone West Africa that has since widened to much of the rest of the continent. A large share of Moroccan investment...
Morocco saw a sharp rise in its fiscal deficit in the early years of this decade, which in turn pushed up debt levels. However, subsequent measures to stem spending and increase revenues brought the shortfall back under control and have seen debt levels stabilise. In 2019 the government is seeking to step up spending, in particular social...
Morocco is the 25th-largest country in Africa and has a geographic area of 446,550 sq km. The kingdom has 2363 km of land borders, shared with Algeria, Mauritania, and the small enclaves of Ceuta and Melilla, which are located on Morocco’s north-eastern coast but are under Spanish control. It also has a 1835-km-long coast, most of which is...
While 2018 marked a deceleration from the economic growth of 2017, Morocco’s overall picture continues to look stable: the IMF forecast GDP growth of 3.2% for 2018, a substantial figure, and projected growth of 3.2% for 2019. Sentiment also remains strong among the country’s business leaders, as indicated by our latest OBG Business Barometer:...
As the world’s nations and businesses become increasingly interconnected, so too does the flow of global migration. According to the OECD’s “International Migration Outlook 2018”, in 2017 some 258m people resided in a country other than the one they were born in and more than 5m foreign-born persons settled in OECD countries. The flow of...
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