Macroeconomic Forecast Morocco

November 2006 | Macroeconomic Forecasts

Through an active debt strategy Morocco has managed to reduce its external debt burden from over 50% of GDP in the early 1990s to an estimated 12.9% in 2006. It has done this in part by converting its external liabilities into domestic debt denominated in the local currency. We see these dynamics continuing over the forecast period with the external debt level falling below 10% of GDP by 2009.

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