Minister Nadia Fettah: Morocco is Monitoring Middle Eastern Tensions and Affirms Its Ability to Absorb the Shock of Energy Prices
Morocco’s Minister of Economy and Finance, Nadia Fettah, confirmed that the country is closely monitoring developments in the Middle East. She emphasized that despite the kingdom’s reliance on international markets and fuel imports, it has the tools necessary to contain any potential impacts on the national economy, particularly regarding rising energy prices.
In an interview with BFM Business, she explained that the Finance Law was based on an assumption of $65 per barrel of oil, while prices are currently hovering around $85. She noted that this difference remains manageable without affecting the major balances of public finances, thanks to regulatory mechanisms and available reserves.
Fettah added that Morocco has accrued practical experience in dealing with crises over the past years, enabling it to test the effectiveness of economic and social protection mechanisms, especially those aimed at the most vulnerable groups. She reaffirmed that the country’s foreign currency reserves and advancements in renewable energy projects enhance its ability to absorb external shocks.
Regarding the investment climate, the government official stressed that current geopolitical tensions would not affect Morocco’s attractiveness. She pointed to the announcement by the Safran Group of new investments for Airbus worth nearly €500 million, indicating continued international confidence in the Moroccan industrial system.
She concluded by affirming that the kingdom’s economic strategy is based on integrating foreign investment with the local framework, aiming to expand the successful industrial model in the automotive sector to include new fields such as batteries and renewable energies. This is part of efforts to bolster the national economy’s resilience in an increasingly risky international environment.
