The dismissal of Mohamed Boussaid, Economy and Finance Minister, by King Mohammed VI came as Morocco is elaborating key economic and financial projects that will leave the upcoming minister with heavy responsibilities. Boussaid was sacked by King Mohammed VI in line with Article 47 of the constitution and in implementation of the principle of linking responsibility to accountability. Some analysts say he had to be dismissed because of his ill-management of the Economy and Finance ministry after dysfunctions that has marred a set of key projects in the country. The new economy and finance minister will also have to tackle the issue of the gradual dirham liberalization. Although the reform has so far shown the good health of the Moroccan financial system, a future expansion of the trading band for the dirham is an issue that requires careful thought and strengthening of Morocco’s economy, notably exports.

Source: The North Africa Journal August 07, 2018 11:26 UTC