Patrick RALEIGH - Directeur associé de la notation souveraine chez Standard & Poor’s

The continuous and reinforced process of accumulating physical capital, in which Morocco has embarked since the early 2000s, has helped to preserve the stability of the fundamental equilibrium and cushion the economy from various external and exogenous shocks. However, these accumulation efforts have not led to a significant increase in productivity gains or to an accelerated transformation of the productive base. This Policy Brief aims to describe the underpinnings of the capital a ...

Le processus continu et renforcé de l’accumulation du capital physique, dans lequel s’est engagé le Maroc depuis le début des années 2000, a permis de préserver la stabilité des équilibres fondamentaux et d’amortir les différents chocs exogènes, aussi bien internes qu’externes. Cependant, cet effort d’accumulation n’a pas permis d’insuffler un accroissement significatif des gains de productivité et d’accélérer la transformation de la base productive. Ce Policy Brief propose de décri ...

In June 2017, the second Annual Report on Commodity Analytics and Dynamics In Africa (Arcadia report) was published, in collaboration between the OCP Policy Center and CyclOpe. Its aim is to annually report on the evolution of the economic, legal, financial and societal links between Africa and the world commodity markets, both with regard to the cyclical changes in the markets, and to the structural changes or failures that may have emerged. Focusing on 2016 and early 2017, the Arc ...

This year, under the patronage of His Majesty King Mohammed VI, the OCP Policy Center (OCPPC) - in collaboration with the German Marshall Fund of the United States (GMFUS) - hosted and organized the fifth Atlantic Dialogues, gathering over 300 high-level international public- and private-sector leaders from the Atlantic Basin to discuss cross-regional issues ranging from economic and social development, security and trade, to migration, resources, and energy. This year’s event, loca ...

Partout dans le monde, l'intégration économique régionale permet d'accélérer la croissance et le développement en apportant une panoplie d'avantages liés à une meilleure coopération politique, à un commerce intra-régional accru et à la création d'emplois. Les régions qui sont plus intégrées se sont révélées capables de connaître une croissance plus rapide et ont fait preuve d'une plus grande capacité d'adaptation en période de ralentissement de l'économie mondiale. Alors que l'écono ...

Emerging market economies (EM) as a special class of financial assets have recently been subject to two competing tales. On the one hand, there is evidence of continued financial deepening and further integration within the global financial system, while the offer of higher yields remains hard to find elsewhere. On the other hand, there are frequent bouts of fear of systemic unwinding of positions triggered by investors “exiting” EM that exhibit signs of weak or unclear macroeconomi ...

Housing is part of the United Nations 11th Sustainable Development Goal, which is to “make cities inclusive, safe, resilient and sustainable”. One of the most important targets of such a goal is to “ensure access for all to adequate, safe and affordable housing1 and basic services and upgrade slums”. Since 2007, the world has faced rising inequality, insecurity and climate change impact. According to UN Habitat, 54% of the world´s population currently live in cities. By 2050, this n ...