The Moroccan economy has made remarkable progress and impressive export growth, particularly in industrial sectors such as automotive and renewable energies, said Managing Director of the International Monetary Fund (IMF), Kristalina Georgieva. “Morocco has exported 700,000 cars, which shows the country’s upward trend in this highly competitive sector. The North African Kingdom also manufactures aircraft parts and has become a leader in renewable energies”, the IMF Chief told Saudi “Asharqbusiness” newspaper. Last January, the Fund projected the Moroccan economy to grow by an average of 3.2% over 5 years thanks to the structural reforms that will help offset the negative impacts of Covid-19 pandemic and the Russian-Ukrainian crisis. “I was impressed by Morocco’s engineering and development.

Source: The North Africa Journal June 22, 2023 14:01 UTC