First Independent Mena Newspaper
The post-election period opens a phase of trade-offs for Moroccan economic policy. Purchasing power, employment, investment, water, housing, social protection and competitiveness must be reconciled with budgetary margins and external balances as the 2027 Finance Bill nears. Bank Al-Maghrib held its policy rate at 2.25% on 22 September and forecasts average inflation of 0.7% in […]
Morocco is embarking on a structural reform of its public budgeting process, introducing a formal system for identifying and tracking the environmental impact of government expenditure. The initiative, known as Climate Budget Labelling (Etiquetage climatique du budget, ECB), was formally launched by Prime Minister’s Circular No. 6/2026 of 23 April 2026 and will be applied […]