New members this month

Swisseco 3 Morocco is on the right track…

At the end of the first half of the year, the economic indicators are green for Morocco. This is the conclusion drawn by several national and international bodies! Last May, the International Monetary Fund (IMF) stated: “The policies pursued in the Kingdom have reduced budget deficits and improved the business climate.” A trend confirmed by the Committee for Coordination and Supervision of Systemic Risks (CCSRS), which announced on 29 June that Morocco was “on the road to recovery”.

In the latest forecast to date, the High Commissioner stated that his growth forecasts would be revised upwards. Instead of the 3.5% announced in January, the HCP is now forecasting growth of 4% for 2017. A rate now identical to that forecast by the World Bank!

The favourable national economic situation and the structural reforms implemented by the Kingdom therefore make it attractive to foreign investors. In this respect, a report published in early May by the firm Ernst & Young places the Kingdom on the podium of the most attractive African countries in terms of FDI for 2017.

The signs are set fair. And the Swiss Chamber of Commerce in Morocco, one of whose primary missions is the development of economic relations between our two countries, is working to make the most of this window of opportunity and thus to give Swiss and Moroccan operators the best possible support throughout this second half of the year.

Mehdi Benzaari
President