Thanks to the policy adopted by the government in accordance with the High Royal Orientations, Morocco has become a privileged partner and a key, credible player, endowed with an economic environment suitable for various investments and supported by a series of institutional reforms initiated by the government since its investiture, Akhannouch explained.
In this respect, he stressed that the government's focus on strengthening the Kingdom's relations with its traditional partners and opening up new markets has made Morocco a genuine platform for trade and win-win partnerships at regional and international levels, while creating bridges for integration and cooperation on a global scale.
Akhannouch noted that the previous stage of government action had concerned the implementation of a series of reforms and national strategies, improving foreign investment, liberalizing trade and strengthening Morocco's position as a regional industrial and export hub for a number of national and international firms.
In this respect, the Moroccan chief of government noted that Morocco has paid particular attention to economic openness as an irreversible strategic choice, accompanying it with support mechanisms aimed at creating a favorable environment, sustaining development and stimulating investment.
He highlighted the Kingdom's resilience in the face of change, despite the successive economic crises that have affected Morocco and the rest of the world. This has enabled the Kingdom to achieve a significant growth rate of around 3.4% in 2023, with an average growth rate of around 4.4% over the past three years.
He went on to say that the inflation rate had also fallen significantly, to 1.1% in the first nine months of 2024, compared with 6.1% at the end of 2023, stressing that this rate remained low compared with neighboring countries.
The Head of Government asserted that, despite all the challenges, the government has resolutely pursued an exceptional process of adaptation to the rapid changes that have marked the international market, which has contributed to strengthening national sovereignty in several strategic sectors, in accordance with the High Royal Orientations.
In the same vein, he noted that Morocco has yielded significant socio-economic gains, making it a pioneer country in the Middle East and North Africa. The Kingdom has become an open-air economic and commercial construction site at regional and international levels, enabling Morocco to focus on strategic projects based on a competitive economy.
The government is committed to implementing the Royal vision, making additional efforts to promote foreign trade and exports as a lever for growth, while developing the competitiveness of the national economy and Moroccan business in this field, targeting diversified markets and partnerships to maintain the sustainability of this sector.
Since its investiture, the government has dealt with the consequences of the global economic crisis, reducing the repercussions of geopolitical crises and their effects on vital supplies and global supply chains, in addition to environmental risks and climate change, he said.
The Executive has been called upon more than ever to strengthen the country's resilience and its ability to overcome difficulties, while taking advantage of the opportunities of the political and macroeconomic stability enjoyed by the Kingdom to consolidate its positioning on the continental and international levels.