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Wednesday 19 April 2017

Morocco's Economic Outlook is Expected to Improve in Mid-Term, WB

Vocal synthesis
Morocco's Economic Outlook is Expected to Improve in Mid-Term, WB

Over the medium term, Morocco's economic outlook is expected to improve, provided the forthcoming government remains committed to pursuing prudent macroeconomic policies and implementing structural reforms, said the World Bank (WB) in its "MENA Economic Monitor".

"Over the medium term, Morocco's economic outlook is expected to improve, provided the forthcoming government remains committed to pursuing prudent macroeconomic policies and implementing structural reforms to, inter alia, reinforce the business environment, modernize the public administration, and improve access to quality public services," said the report which was presented on Monday at a meeting in Rabat organized in collaboration with OCP Center.

The gradual move to a more flexible exchange rate regime announced by Bank Al -Maghrib should also help strengthen Morocco’s competitiveness. The planned implementation of the organic budget law and decentralization process are opportunities to strengthen the governance and efficiency of the public sector, it said.

Overall, annual GDP growth is projected to reach its current potential of 4 percent on average, said the WB.

MAP 18 April 2017