فاس نيوز ميديا جريدة الكترونية جهوية تعنى بشؤون و أخبار جهة فاس مكناس – متجددة على مدار الساعة
In recent years, Morocco’s economy has faced mounting pressure due to escalating regional and international geopolitical tensions. These developments have impacted key economic indicators such as growth, investment, food and energy security, prompting the Moroccan government to adopt flexible strategies to cope with external shocks.
Reports from international financial institutions, including the International Monetary Fund (IMF) and the World Bank, indicate that ongoing conflicts in areas such as Ukraine and the Middle East have deepened the challenges faced by developing economies—Morocco included. Rising import costs and volatility in global commodity prices have been particularly problematic.
According to official data from Morocco’s High Commission for Planning (HCP), the country experienced significant inflation in 2022 and 2023, mainly driven by surging energy and food prices. Global supply chain disruptions have further weakened Moroccan consumers’ purchasing power and, at times, hindered national efforts to ensure food security.
In response, Morocco has implemented several measures to mitigate the impact of these crises. Key among them is strengthening economic ties with Sub-Saharan African nations and investing in alternative energy projects, notably in solar and wind power, to reduce dependence on fuel imports. The government has also launched reforms aimed at expanding the social protection network and supporting critical productive sectors, especially agriculture and manufacturing.
In a previous statement, Abdellatif Jouahri, Governor of Bank Al-Maghrib, emphasized the need for deeper structural reforms to ensure the economy’s resilience to external shocks. He highlighted the importance of encouraging both domestic and foreign investment and improving human capital development.
A recent report by the Organisation for Economic Co-operation and Development (OECD) echoed similar recommendations, stressing the urgency of improving the business climate and continuing infrastructure modernization. The report noted that Morocco has the potential to become a regional hub for trade and services, provided that economic and institutional reforms are accelerated.
Going forward, Morocco’s key challenge will be striking a balance between economic stability and social development, amid an uncertain global and regional landscape marked by persistent conflict and unpredictability.
Source: Fez News Media
