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From Tangier… Akhannouch Reviews Major Reforms of the Kingdom and Its Macroeconomic Balances Before Moroccans Abroad

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The Head of Government, Aziz Akhannouch, affirmed that Morocco is experiencing a "deep and accelerating transformation," making it a model in converting global geopolitical challenges and transformations into real opportunities for growth and development, highlighting that this has strengthened international confidence in the national economy and Moroccan institutions.

Akhannouch explained, in a speech delivered at the opening of the National Forum on Investment and Moroccans Abroad in Tangier, that the national economy has shown "great resilience and adaptability" despite the difficult international context characterized by increasing uncertainty, noting that Morocco has maintained the stability of its macroeconomic balances. He added that the economic growth rate increased from 1.8 percent in 2022 to 4.8 percent in 2025, while the inflation rate decreased from 6.6 percent in 2022 to 0.8 percent, and the budget deficit decreased from 5.5 percent to 3.5 percent, and the debt decreased from more than 72 percent of the debt to 67.2 percent in 2025. Akhannouch pointed out that the current account deficit has also improved, supported by the strength of exports, the outstanding performance of the tourism sector, and remittances from Moroccans abroad, in addition to the flows of foreign direct investment, which recorded record levels during 2025. The same speaker stressed that these indicators "did not come from a vacuum," but are the result of "a long path of structural reforms and strategic projects" led by King Mohammed VI, which has made Morocco a regional hub for investment, given its political and institutional stability, strategic geographical location, modern infrastructure, and broad economic openness. In the same context, the Head of Government confirmed that this dynamic has enabled the Kingdom to attract major investments in strategic sectors, such as the automotive, aviation, battery, renewable energy, service outsourcing, and pharmaceutical industries, as well as future projects related to the green economy, digitalization, artificial intelligence, and high value-added industries. Akhannouch also addressed the major projects related to the Kingdom's preparation to host the 2030 World Cup alongside Spain and Portugal, considering that they also constitute an additional lever to enhance Morocco's economic and investment attractiveness.

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