Abidjan - Morocco has a "solid" economic performance with an average annual growth rate of 4.2 % over the 2009-2013 period despite a difficult international and regional context, said the African Development Bank (AfBD).
Abidjan – Morocco has a “solid” economic performance with an average annual growth rate of 4.2 % over the 2009-2013 period despite a difficult international and regional context, said the African Development Bank (AfBD).
The Kingdom “enjoys good political stability as it implements far-reaching reforms, AfDB indicated in its 2012-2016 country mid-term review and 2014 performance review, adding that “from the economic standpoint, Morocco has solid performance with an average annual growth rate of 4.2 % over the 2009-2013 period despite a difficult international and regional context3.
Since 2011, successive authorities have striven to improve government efficiency and public finance management, while seeking to preserve macro-economic stability, AfDB pointed out.
The document also sheds light on AfDB positioning in Morocco, noting that the African bank is one of the Kingdom’s leading
development partners with an active portfolio of 33 operations (loans and grants) for net commitments of approximately USD 2.79 billion.
