Keywords: INCOME
Morocco stands at a pivotal crossroads as it seeks to transition to high-income status. The World Bank’s 2024 World Development Report, titled “The Middle Income Trap,” outlines a comprehensive roadmap for over 100 middle-income nations, including Morocco, to achieve this ambitious......
The Moroccan government is poised to implement significant income tax reforms aimed at reducing the financial burden on workers while ensuring the persistence of crucial social support programs. This announcement was made by Fouzi Lekjaa, the Minister Delegate to the Minister of Economy and Finance,......
Projected Spending Cuts and Fiscal Strategies Signal Optimism Amid Challenges Morocco is on a path to reduce its fiscal deficit over the next few years, according to a new report from Fitch Ratings. The credit rating agency forecasts that the North African nation’s fiscal deficit will decrease......
The Moroccan economy continues to display resilience and investor confidence, maintaining market stability despite global economic fluctuations. Bank Al-Maghrib (BAM), the country's central bank, has significantly increased its interventions in the monetary market, injecting MAD 127 billion ($12.7......
Morocco's national savings rate reached 28.2% of gross domestic product in 2023, up from 26.7% the previous year, according to data from the High Commission for Planning. This increase came despite higher domestic consumption, which grew 7.6% by value last year compared to 7.7% previously. National......
RABAT - In a recent press briefing, UN Deputy Secretary-General Amina J. Mohammed lauded Morocco for its exceptional commitment to environmental sustainability and clean energy, positioning the nation as a beacon for other developing countries in the fight against climate change. During her address......
In a significant development at a high-profile conference in Rabat, Morocco, a compelling case was presented for expanding the geopolitical influence of middle-income countries. This pivotal event, known as the "Rabat Declaration," underscores the imperative of acknowledging and empowering......
During a ministerial conference in Rabat, Morocco's Foreign Minister, Nasser Bourita, fervently championed the cause of middle-income countries (MICs), labeling them as an often disregarded "engine of the global economy." Bourita highlighted a significant discrepancy: while MICs account......
Madrid - Spain's leftist government has secured a victory for workers by announcing a significant 5% increase in the national minimum wage, effective January 1st. This retroactive raise elevates the monthly minimum from 1080 euros to 1134 euros, benefiting approximately 2.5 million low-wage workers. The......
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