Efforts to strengthen export sectors, coupled with the diversification of its trading partners, have allowed Morocco to develop competitive industries and increase their presence in international markets. Traditional segments such as phosphate production remain strategic, but a range of emerging manufacturing capabilities are promoting broader-based growth. In addition, reforms enacted in recent years have allowed the authorities to pursue budget consolidation efforts, which are serving to reinforce the country’s fiscal position. This is also helping to structurally change the financial management of a country that has long been characterised by costly and inefficient subsidy programmes.
Read More from OBG
