Last update: Mar 29, 2021 Last update: 29 Mar, 2021


Office: Morocco
Address: No 30 lotissement Al-Andalous, Hay Ryad, Rabat, Morocco BP 21555 Rabat Annakhil,
Contact person: Ms Leïla Farah Mokaddem , Country Manager
Phone: (+212) 530177300/530177309
Sectors: Civil Engineering, Education, Heating, H ... See more Civil Engineering, Education, Heating, Human Rights, Humanitarian Aid & Emergency
Nr. of employees: 201-500
Types: Financial Institution Financial Institution
Status: Active


The economy continues to show resilience. Although slowing, real GDP growth was positive at an estimated 3.1% in 2018, down from 4.1% in 2017, reflecting less rainfall. The fiscal deficit, an estimated 3.9% of GDP in 2018, up from 3.7% in 2017, is expected to gradually shrink under fiscal consolidation, tax reform, the rationalization of public expenditure, and more effective collection of tax revenues. The medium-term economic outlook projects a continuing decline in real GDP growth, to 2.9% in 2019, before a rebound to 4.0% in 2020. The projected slowdown in 2019 is attributable to a slight decline in primary sector value added.

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