Moody’s has reaffirmed Morocco’s Ba1 credit rating, citing policy effectiveness and economic resilience despite rising debt, Moroccan media reports. The credit rating agency noted that economic growth slowed to 2.6% in 2024 due to weak rainfall but is expected to rebound to 3.5%. Moody’s also highlighted that the kingdom’s stable current account deficit (2.5% of GDP) and stronger-than-expected tax revenues helped keep the budget deficit at 4.3%.
Morocco has approved the creation of a new state-backed company aimed at developing industrial zones dedicated to domestic defense production,
Algeria has canceled a major port construction deal with China and is now turning to France to modernize its maritime
Escalating hostilities between Israel and Iran over the weekend have rattled Egypt’s economy and dealt a blow to its
Morocco is ramping up investment in desalination, dams, and water transfer projects to counter prolonged drought and protect its agricultural
Sign up for the weekly newsletter and get our latest stories delivered straight to your inbox.
