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AfricaJanuary 2 2006

What the bankers say: Morocco

The Banker invites CEOs from around the world to discuss the economic climate in their country and institution, and their hopes for the future
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BCME Bank, Othman Benjelloun, chairman

1. What makes your country attractive to investors?

The main elements are: political stability, geographical position, economic and regulatory reforms in progress, macroeconomic stability, and a qualified, inexpensive workforce.

2. What are the economic prospects for your country over the next three to five years ? 

The National Initiative for Human Development (NIHD), the newly implemented industrial strategy ‘programme emergence’, the contracts programmes signed with the main sectors (tourism, building and public works, textiles), and the upgrading of infrastructure (ports, freeways) will make Morocco an active country in the coming years.

 3. How do you foresee the financial sector in your country changing ?

The financial system supports the country’s development by being involved in the main national initiatives (NIHD, contracts programmes) and by consolidating the opening of Morocco to the world economy, particularly with the FTZ with the US and Europe. The Moroccan system will, hence, be further integrated into the international financial system with a reinforced presence of US financial institutions, notably in the insurance sector.

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Read more about:  Africa , Morocco