Moroccan economy provides stable environment for investors
Morocco's economic progress has "remained solid", according to a report from the International Monetary Fund (IMF) which praises the countries handling of the global economic crisis.
In the document, the organisation states that: "The central bank has responded appropriately to the evolving economic and financial conditions through its interest rate policy and liquidity management tools."
The country is currently one of the world's leading emerging markets for investment property. An announcement last week revealed that the country had struck a deal with Monte Carlo SBM to build a new £120 million development in Marrakesh.
Consumer price inflation will also drop to less than 2% this year according to the report.
The IMF suggests that the future of Morocco's financial stability depends on "reforms aimed at increasing the productivity and competitiveness of the economy".
It states that improvement in these areas will lead to greater investment in the country in the coming years. The country is already a hotspot for property investors thanks to its large tourist market.
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