This episode examines firms’ access to finance in Morocco, highlighting its critical role in business creation and growth, especially for SMEs. It challenges common assumptions by showing that medium-sized firms, rather than small ones, face the most binding financial constraints. The discussion emphasizes the importance of bank-firm relationships, as well as structural issues such as information gaps and managerial capacity. It also points to digitalization and supply chain finance as key avenues to improve access to funding
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July 13, 2026Available soon on livremoi. The 2026 edition of the Annual Report on the African Economy examines the issue of the valorization of Africa’s natural resources, particularly its mineral wealth. While the continent holds some of the world’s largest known reserves of a wide range of minerals and metals, the objective is not merely to catalogue these resources, but rather to explore the conditions under which natural resource endowments can be transformed into drivers of Africa’s in ... -
July 3, 2026This Policy Paper has also been published in French and Spanish by Le Grand Continent Morocco offers a compelling example of how a middle-income economy can navigate a more fragmented global environment, characterized by weak growth and slower convergence. Since 2022, economic activity has remained relatively strong, with growth exceeding that of many comparable economies. Non-agricultural growth has averaged 4.4% since 2022, around 1.3 percentage points above its historical av ... -
April 27, 2026This episode examines firms’ access to finance in Morocco, highlighting its critical role in business creation and growth, especially for SMEs. It challenges common assumptions by showing that medium-sized firms, rather than small ones, face the most binding financial constraints. The d... -
April 27, 2026This episode examines Morocco’s handicraft sector, highlighting its economic importance as a major source of employment and value creation, despite being often overlooked. It presents new empirical evidence showing the sector’s gradual shift toward more formalized SMEs, while exposing i...
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December 3, 2025 Global GDP growth has proven resilient in 2025, despite the shocks caused by the trade policies implemented by United States President Donald Trump in the first year after his return to office. The gloomy projections offered by multilateral and private institutions in the first quarter of 2025 have given way to revised levels mostly in the 2.5% to 3% range for the year. ... -
November 19, 2025La modélisation classique de la croissance repose sur des outils – notamment la fonction de production agrégée et la comptabilité de la croissance – dont les incohérences logiques et les ambiguïtés épistémologiques sont connues depuis la Controverse de Cambridge et les travaux d’Anwar Shaikh. Pourtant, ces failles continuent d’alimenter des raisonnements fallacieux dans le débat économique et les discours institutionnels. Cet article montre que la nature tautologique de ces outils n ... -
November 17, 2025Morocco has emerged as one of Africa's success stories, achieving significant progress in economic transformation and the green transition over the past 25 years. Continuing and deepening this transformation is essential to reach the country’s goal of becoming a high-income economy in the coming decades. Significant challenges include managing the risk of the middle-income trap, addressing demographic pressures, promoting inclusive growth, ensuring environmental sustainability, and ... -
October 9, 2025Conventional wisdom holds that the United States has undergone massive deindustrialization in recent decades, with the country's manufacturing sector supposedly withering as it lost ground to China. This narrative has fueled debates about industrial policy, economic nationalism, and the reshoring of manufacturing production. But what if this story is only partially true? What if, instead of disappearing, American industry simply changed its address? ... -
October 7, 2025Global economic growth has been more resilient than expected, as the artificial intelligence-led growth seems to be compensating for the negative impacts of trade conflicts. Overstretched asset values and slowing jobs growth may be signaling that the balanced crossing of those two paths...
