North Africa What Economic Reforms Essay

Total Length: 374 words ( 1 double-spaced pages)

Total Sources: 2

The IMF called Morocco "a pillar of development in the region" and praised King Mohammed VI and the Moroccan Central Bank for its management of fiscal and monetary policy (IMF, 2008, Reuters). Although Morocco has not been immune to the effects of the global recession, after instating more stringent fiscal policies and pursuing a policy of greater privatization, it experienced an unprecedented nonagricultural GDP growth of 6.6% in 2007 and has better absorbed "the impact of difficult international economic conditions" than its neighbors (IMF, 2008, Reuters).
"Among the indicators of Morocco's economic progress are its Free Trade Agreements with key economic partners, including the United States, which open tariff-free Moroccan goods to a market of over 1 billion people worldwide" (IMF, 2008, Reuters). Morocco's greater political stability than Egypt has also made economic liberalization a far easier journey for the nation as a whole.

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"North Africa What Economic Reforms" (2009, May 30) Retrieved June 1, 2025, from
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