In the wake of the international financial crisis and the Arab Spring, Morocco has started running ever-widening fiscal and current account deficits. However, moves to slash energy subsidies, as well as the fall in international oil price, have helped to dramatically reduce both, boosting liquidity and exchange reserves. This has allowed the...
What is Morocco’s position today? In which category can we classify the national economy? Can we consider it a competitive country or rank it among other emerging countries? Everyone knows there is no specific model for emerging countries.
North Africa has undergone some turbulent times over the past four years, but among all of the regime changes and revolutions, Morocco has maintained an impressive level of stability. The kingdom has deliberately cultivated a reputation as one of the most moderate and tolerant countries in the region, aided in part by reforms enacted under...
A tradition of centralised rule has typically limited the autonomy of the different administrative subdivisions in Morocco. However, the idea of greater devolution of power to local and regional authorities – to increase local participation in the governance process, to reduce development disparities and to improve transparency – has been...
People everywhere in the world are hungry for economic opportunity. And it’s about a lot more than being able to make money. It’s about your dignity. It’s about respect. It’s about your place in your community. And to be frank, the challenges ahead for all of us are immense, especially in regions with developing economies and rapidly growing...
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