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Country risk, from the local press

Morocco · Country watch

14 Ministers Win Seats, BAM Revises Forecasts

14 ministers from the outgoing government win parliamentary seats, while Bank Al-Maghrib revises growth and inflation forecasts for 2026.

· · 11 sources

The picture Mixed

Business conditions in Morocco are mixed today. While 14 ministers transition to parliamentary roles, potentially reshaping the government, Bank Al-Maghrib's revised forecasts offer a stable economic outlook. However, unrest at the Sebta border poses challenges for public-sector and human rights organizations.

In this briefing Sebta · Spanish military · Bank Al-Maghrib · Aziz Akhannouch · Moroccan Parliament

Regulation

Nothing significant reported today.

Disruption

Nothing significant reported today.

Internal tension

  • public-sector

Violence Against Moroccan Migrants at Sebta

Museo militar del Desnarigado
Museo militar del Desnarigado Hansi_2010, CC BY-SA 3.0 via Wikimedia Commons

Reports of violence against Moroccan migrants by Spanish military personnel in Sebta have been confirmed by videos published in the Spanish press. TelQuel reports that these incidents include beatings and the use of irritant gases, highlighting ongoing tensions in the region since the migration crisis in late July. The situation underscores the challenges faced by Moroccan migrants at the border.

Impact Public-sector and human rights organizations in Morocco may need to address the treatment of migrants at the Sebta border.

Sources: Telquel ↗

Safety & health

Nothing significant reported today.

Companies

Nothing significant reported today.

Markets

  • finance

Bank Al-Maghrib Revises Growth and Inflation Forecasts

Bank al Maghrib after adding Tifinagh
Bank al Maghrib after adding Tifinagh Bananakingler, CC0 via Wikimedia Commons

Bank Al-Maghrib has revised its economic forecasts for 2026, maintaining the policy rate at 2.25% while projecting a growth rate of 4.4% and an inflation rate of 0.7%. La Vie Eco reports that these adjustments come amid persistent international uncertainties. The central bank's updated projections reflect a more optimistic economic outlook compared to previous estimates.

Impact Lenders and borrowers in Morocco see a stable interest rate environment with adjusted growth and inflation expectations.

Sources: La Vie Eco ↗

Trade

Nothing significant reported today.

Politics

  • public-sector

14 Ministers from Akhannouch's Cabinet Win Seats

Fourteen members of the outgoing government, including ministers and secretaries of state, have won seats in the Moroccan Parliament following the legislative elections on September 23, 2026. Only one government member failed to secure a seat, according to Agadir 24. This outcome requires these ministers to resolve the incompatibility between holding a government position and a parliamentary seat, potentially leading to a cabinet reshuffle.

Impact Public-sector employers face potential changes in government leadership as ministers transition to parliamentary roles.

Sources: Alyaoum24 ↗, Agadir 24 ↗

Also today in Morocco

Sources in this briefing

Sources: each headline links to the original article on the publisher's site.

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The same day elsewhere