Having risen rapidly in the years to 2012 on the back of high expenditures, Morocco’s budget deficit has fallen in recent years as subsidy reforms and other efforts to reduce spending and raise revenues kick in. Authorities are also on the verge of overhauling the public pension system, after the government was forced to substantially raise...
Authorities in Morocco have long succeeded in keeping prices under control through monetary policy tools such as inflation targeting and an exchange rate peg that has avoided spikes in the cost of imports. Thanks to persistently low inflation, recent years have seen several interest rate cuts, the latest of which took place in March 2016, as...
Morocco’s relations with its Middle Eastern and North African neighbours have been coloured by territorial and security disputes, but are gradually improving as mutual interests strengthen. Meanwhile, its partnership with the wealthy Gulf states goes from strength to strength, with several Gulf countries major investors in Morocco and the...
Morocco has been perhaps the most stable and peaceful country in North Africa in recent years, while other countries in the region have been afflicted by political turbulence and war. The reforms implemented by King Mohammed VI since coming to the throne in 1999 have played a major role in ensuring Morocco has remained a stable and tolerant...
One of Africa’s longest-established sovereign states, Morocco has had diplomatic relations with other countries for centuries. It has particularly close ties to the US, as well as to the EU and especially France and Spain. Like many of its neighbours, Morocco is now building stronger trade and investment relations with other emerging markets,...
Morocco’s large diaspora, estimated to comprise up to 15% of the population, has changed considerably since the Second World War when blue-collar workers moved to Europe to help rebuild. Indeed, today the population of Moroccans living abroad increasingly comprises highly-educated young professionals.
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