Rabat – The First Vice-President of the European Bank for Reconstruction and Development (EBRD), Greg Guyett, welcomed the reforms undertaken by Morocco under His Majesty King Mohammed VI’s leadership.
“I am impressed by Morocco’s macroeconomic stability,” Guyett said in an interview with MAP. According to him, these reforms have proven highly effective in terms of development and in stimulating the private sector.
The best illustration of this success, he noted the recent upward revision of Morocco’s credit rating by rating agencies, which granted it investment-grade status.
“We are also seeing strong economic growth, coupled with reasonably low inflation. I believe these are very positive signs showing that the economic policies pursued by the government, under the High Royal Guidelines, have been successful.”
Regarding Morocco’s attractiveness as a preferred destination for international investment, the official highlighted the Kingdom’s stability, production costs that remain highly competitive compared with the rest of the region, and its proximity to major markets such as Europe and the Gulf countries.
“Moreover, the government has put in place several measures like Industrial Acceleration Zones, to make Morocco a very attractive destination for foreign investment,” he noted.
In terms of energy transition, Morocco has adopted a clear and ambitious vision centered on focused on the development of renewable energy, he carried on.
He also stressed that, in the area of water, the government has implemented an ambitious plan aimed at ensuring a resilient and sustainable water environment.
In this context, he recalled the signing of a €150 million financing agreement—around 1.617 billion dirhams—for the “Saïss Plain Water Conservation – SAISS III” project.
