“The M6 Code” or King Mohammed VI’s mark – French weekly
Under the eloquent title “Le Code M6”, the French weekly Le Nouvel Economiste has published a dossier on Morocco, in which it asserts that “since he came to power in 1999, Mohamed VI has left his mark”, the Kingdom now being “considered one of the most dynamic economies in the North African region.”
The country “benefits from macroeconomic stability characterized by controlled inflation, adequate foreign exchange reserves and a prudent monetary policy”, explains the weekly, detailing the reforms undertaken to promote car industry, aeronautics, tourism, renewable energies, agriculture, and services.
“This dynamism is viewed favorably by economic stakeholders on the other shore of the Mediterranean, particularly in France, and many partnerships in the IT services sectors have developed”, emphasizes Le Nouvel Economiste.
Morocco, located at the junction of Europe, Africa, and the Middle East, which makes it an attractive platform for international trade, foreign investment, and economic partnerships, “positions itself above all as a projection platform towards Africa” where it is “present in force through its banking establishments, its insurers, but also its service or construction companies.”
The “Cherifian kingdom has changed status. This is primarily due to the results of its economic diplomacy. Morocco has thus become the first investor in West Africa and the second on the continental scale.”
At the national level, Morocco “has also invested in the development of modern infrastructure, including ports, airports, highways, and industrial zones, which promote trade and regional connectivity. A series of strategic decisions which has enabled – despite the crises – the country to triple its GDP in 20 years, to build nearly 2,000 km of highways, to erect the largest port in Africa in Tangier, or even to welcome the continent’s first TGV, which today connects Tangier to Casablanca and which should be extended to Agadir from 2026, thus connecting the Mediterranean to the Atlantic.”
The French weekly also touched on the large-scale social reforms launched in the kingdom saying that “King Mohamed VI has initiated a new policy at the end of the health crisis”, by launching “the process of generalization of social coverage for the benefit of all Moroccans.”
“Health insurance and family allowances are generalized and will be launched before the end of 2023. Unemployment insurance is being set up. Since the end of the pandemic, Morocco has therefore equipped itself with the tools of the welfare state.”
On the Sahara issue, the weekly points out that “the recognition of Moroccan sovereignty (over the Sahara) by the Trump administration has brought out a new diplomatic and geopolitical map,” and that “several countries have rallied to the American impulse.”
