Casablanca investors pray for rain. (drought in Morocco)(includes related article)

The Middle East | March 1, 1996| | Copyright

Last year's drought caused a recession in Morocco and also scared away many potential stock market investors. As part of our ongoing regional market review, Andrew Album analyses the prospects for change in 1996.

Until recently, Morocco was seen as having one of the region's most impressive economies. Under the stewardship of the International Monetary Fund, discipline was brought to the country's economy. As a recent report from the GT Africa Fund notes, Morocco "can claim to meet most of the Maastrict criteria for economic monetary union. This is an achievement that ...

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