Economy / Morocco
If you would like to subscribe to North Africa Monitor and gain instant access to this article, please click here to subscribe.
If you would like to take a trial to North Africa Monitor please click on the trial link below.
Morocco
June 2008 | Ratings UpdateSorry, you must be a subscriber to view this article in full. If you are a subscriber please login.
If you would like to subscribe to North Africa Monitor and gain instant access to this article, please click here to subscribe.
If you would like to take a trial to North Africa Monitor please click on the trial link below.
Morocco has accepted millions of dollars in gifts from Gulf allies as rising commodity prices push up the government's subsidy bill and stir labour unrest. The UAE is to pay US$300mn into a special purpose fund, adding to the US$500mn that was pledged by Saudi Arabia earlier in May. The cost of subsidising food and fuel prices is eating into the Moroccan budget, yet despite official efforts to ease the cost of basic goods, consumers are still feeling the pinch. In mid-May, the Kingdom's leading trade union, the CDT, held a national strike, the first to take place under King