Morocco to increase attractiveness to foreign investors
Morocco is part of a number of initiatives which will increase the country's attractiveness to foreign investors, according to the Moroccan prime minister Abbas El Fassi.
In a speech, Mr El Fassi said the country needed to understand "the importance of balance between economic and social to cope with the effects of international crisis".
He added that any new financial schemes needed to take into account sustainable development based on improving life for people around the globe.
The country has recently joined the Middle East and North Africa region (MENA) and it is hoped that this will "strengthen its attractiveness for investment and foreign capital".
It was noted that the region recorded a 6% growth in gross domestic product, the highest in the world.
Recently the International Monetary Fund praised Morocco for its handling of the economic crisis saying the central bank responded "appropriately" in the measures it took to protect the economy.
The Moroccan government is hoping to improve the country as a tourist destination and the major Marriott international hotel chain has recently announced plans for a new development in Marrakesh.
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