Morocco “performing” and “regular”

Morocco remains efficient and consistent in the attractiveness and stability indices, particularly with regard to the banking system and the macroeconomic framework, according to the report of the Amadeus Institute on the stability and stability indices. attractiveness in Africa 2021.

The macroeconomic fundamentals have shown resilience, with a controlled inflation rate and a satisfactory level of foreign exchange reserves although under pressure, according to this report prepared with the support of Casablanca Finance City Authority.

The authors of the report also underline that the recent raises on the international markets (1 billion USD in September 2020 then 3 billion USD in December) at a reasonable rate (2.4% over 7 years on average) prove the confidence of the markets in fundamentals of the country.

In addition, the growth of recent years is largely based on public investment with uncertain spillover effects on the private sector, they add.

The report also states that the outlook for economic growth of around 5% to 6% in 2021 shows, despite the social impact on Moroccans working in the sectors most affected by the crisis, a certain form of resilience of the Moroccan economy facing the consequences of the pandemic and the global recession that it has engendered.

In terms of stability, “the results are relatively good, with weakness in the social sector where the indicators of unemployment and underemployment (18.2%), youth unemployment (21.9%) and The integration of women into the labor market (21.3%) compares rather poorly with other African countries, failings that the gradual improvement in the level of education is slow to resolve ”.

READ  Incentives for the marketing of national production

He added that environmental and water issues are a point of weakness for the country like its North African and Sahelian neighbors.

Created by the Amadeus Institute in 2012 and updated annually, the African stability and attractiveness indices aim, on the one hand, to measure, in an African context and according to the specificities of the continent, performance at the economic level. and on the other hand to quantify social and environmental vulnerabilities as well as the political and security framework of all African countries.

This edition of the indices, occurring in a context marked by the consequences of the Covid-19 pandemic, which caused a contraction of the world economy, pushing millions of people below the poverty line, pushed the Institute to develop, with the impetus and support of the Scientific Committee, a composite index of health systems, thus making it possible to restore a comparative vision of the performance of African health systems.

The Stability and Attractiveness Indices in Africa, composed of more than 70 sub-indicators calculated from data published by international organizations, national statistics and qualitative data collected by experts from the Amadeus Institute, allow offer an overview of the economic, political and security situation of the continent and thus compare the performance of African countries, while taking into account the specificities inherent in each of them and in each of the sub-regions of the continent.

The 2021 Report, which presents the new version of the indices, includes sectoral contributions written by expert members of the Scientific Committee as well as by the Amadeus Institute team.

READ  The Government Council adopts a draft decree on the transformation of the CCG into a public limited company

Traditionally annual, the publication of this new edition of the Indices has been postponed to 2021 to better analyze and reflect the impact of the Covid-19 pandemic on the attractiveness and stability of African countries.

Tags
Back to top button
Close