Morocco 'good example' for emerging countries that take up challenge of joining global market, expert

Morocco is a "good example for emerging countries that took up the challenge of joining the global market and embracing globalization, while developing its economy," executive manager of "Forum of Emerging markets", Hatrinder Kohli said on Monday.

"The Moroccan economy is doing well. His majesty the king and the cabinet are looking forward," said the Indian expert in a statement to the Moroccan property news Agency on the fringes of the two-day meeting (April 7-9 in Rabat).

Touching on the negative impact of the soaring prices of basic products, Mr. Kohli said that African countries, including Morocco, face a challenge of how to invest southern riches carefully.

Echoing Mr. Kohli, honorary governor of Banque de France and former International Monetary Fund director-general, Michel Camdessus, said Morocco property has made, over the past fifteen years, sustained efforts aiming to consolidate macroeconomic balances, production structures, irrigation and agricultural development, which have enabled Morocco property to face the oil price hike on international markets.

Commending the Moroccan property experience in this field as “very typical”, he underlined that “Morocco faces a shock which would have been difficult to overcome had these works not been achieved.”