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Fiscal policies to fostering private enterprises in morocco

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Frame of Image a Creati ve Economy I V . S ome Pol i cy D i recti ons i n M orocco I . M orocco At a G l ance □ The 39 most populous, the 40 largest Country ◦ exceeding 33.8 million people ◦ Land area covering 710,850 ㎢ (446,550 ㎢, the 57 th th 1. Curren t S tatus th largest excluding Western Sahara) ­ Adjacent to both Atlantic Ocean and Mediterranean Sea □ Trying to continue making Morocco a regional hub to take advantage of FTA, improving the business climate and encouraging private investment ◦ Ongoing efforts to strengthen the macroeconomic base through structural reforms and sectoral strategies resulted in 2.7% growth in 2014, despite a poor harvest and low external demand -1- ◦ In 2014, internal and external balances improved ­ the budget deficit shrinking to 4.9% of GDP and the current account deficit to 6% of GDP <Table 1> Macroeconomic Indicators (unit: %) 2013 Real GDP growth Real GDP per capita growth CPI inflation Budget balance % GDP Current account balance % GDP 4.7 3.2 1.9 -5.5 -7.3 2014(e) 2.7 1.3 0.9 -4.9 -6 2015(p) 4.5 3.1 1.2 -4.2 -6.1 2016(p) 5 3.7 1.4 -3.8 -5.6 Source: African Economic Outlook website(http://www.africaneconomicoutlook.org/en/country-notes/north-africa/morocco/ ) ; estimates (e) and projections (p) based on authors’ calculations. □ Growth prospects for 2015 and 2016 are a healthy 4.5% and 5%, with further reduction of the budget deficit. -2- □ Need More Industrialization? ◦ Industry share remains almost still since 2009 ­ 2. S ome Chal l enges For Korea


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Title Fiscal policies to fostering private enterprises in morocco
Similar Titles
Material Type Proceeding
Author(English)

Kim, Hagsoo

Publisher

[세종] : KDI School
Date 2015-11
Event Economic Development Strategy (Morocco)
Pages 28
Language English
File Type Documents
Original Format pdf
Subject Official Aid
Holding KDI School
Project Term 2015-11-01 ~ 2015-11-14
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