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EXCEEDING EXPECTATIONS: THE US-MOROCCO FTA

EXCEEDING EXPECTATIONS:  THE US-MOROCCO FTA Report abstract: On January 1st, 2017, the US-Morocco FTA (Free Trade Agreement) began its 12th year enforcing liberalized commercial exchange between two historic allies. The FTA has surpassed moderate expectations for its economic impact, and has been a success story for both sides. This paper will describe how Morocco became the US’s first free-trade partner in Africa, and evaluate its economic and political impact compared ...

Morocco’s Scorecards from IMF and World Bank Detail Growth Challenges – Jean R. AbiNader

Jean R. AbiNader, MATIC May 19, 2017 In 2016, Morocco was granted a third two-year Precautionary and Liquidity Line (PLL)—a provisionary line of credit from the IMF—which Morocco uses as an insurance instrument against external risks such as severe trade imbalances while supporting its efforts to promote higher and more inclusive growth. During its annual review conducted recently, Mitsuhiro Furasawa, IMF Deputy Managing Director and Acting Chair, said, “Morocco’s sound ...

Mixed Economic News as Morocco Moves Forward in Key Sectors – Jean R. AbiNader

Jean R. AbiNader, MATIC May 17, 2017 Fitch Ratings issued a cautionary assessment of Morocco’s banking exposure in Africa. Fez takes center stage in business and economic news with several initiatives announced. The aeronautics sector gets new public-private partnership to boost capacity. And a government agency issues updated statistics on the role of technology in the Moroccan economy. Looks good on paper. According to a recent bulletin released by Fitch ...

Morocco Confronts Difficulty of Workforce Development – Jean R. AbiNader

Jean R. AbiNader, MATIC May 12, 2017 It has become a nostrum in international development, especially in Africa and the Middle East, that job creation is the number one goal for ensuring greater domestic stability. For example, the latest reports from the World Economic Forum and Ernst and Young strongly emphasize the critical need for employment opportunities for the burgeoning youth population, including women. Having spent time on workforce development ...

Morocco Continues to Lead Economic Growth in the Region – Jean R. AbiNader

Jean R. AbiNader, MATIC May 11, 2017 Two major studies released this month, the African Competitiveness Report published by the World Economic Forum, and the Africa Attractiveness Report from Ernst and Young (EY), point out that Morocco leads the other members of the Arab Maghreb Union (AMU) in many indicators of economic resilience. Unlike Algeria, Libya, Mauritania, and Tunisia, perhaps the most singular factor contributing to its success is Morocco’s ...
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