chief of mission: Ambassador Aziz MEKOUAR chancery: 1601 21st Street NW, Washington, DC 20009 telephone: [1] (202) 462-7979 FAX: [1] (202) 265-0161 consulate(s) general: New York
Diplomatic representation from the US:
chief of mission: Ambassador Thomas T. RILEY embassy: 2 Avenue de Mohamed El Fassi, Rabat mailing address: PSC 74, Box 021, APO AE 09718 telephone: [212] (37) 76 22 65 FAX: [212] (37) 76 56 61 consulate(s) general: Casablanca
Flag description:
red with a green pentacle (five-pointed, linear star) known as Sulayman's (Solomon's) seal in the center of the flag; red and green are traditional colors in Arab flags, although the use of red is more commonly associated with the Arab states of the Persian gulf; design dates to 1912
Economy
Morocco
Economy - overview:
Moroccan economic policies brought macroeconomic stability to the country in the early 1990s but have not spurred growth sufficient to reduce unemployment - nearing 20% in urban areas - despite the Moroccan Government's ongoing efforts to diversify the economy. Morocco's GDP growth rate slowed to 2.1% in 2007 as a result of a draught that severely reduced agricultural output and necessitated wheat imports at rising world prices. Continued dependence on foreign energy and Morocco's inability to develop small and medium size enterprises also contributed to the slowdown. Moroccan authorities understand that reducing poverty and providing jobs are key to domestic security and development. In 2005, Morocco launched the National Initiative for Human Development (INDH), a $2 billion social development plan to address poverty and unemployment and to improve the living conditions of the country's urban slums. Moroccan authorities are implementing reform efforts to open the economy to international investors. Despite structural adjustment programs supported by the IMF, the World Bank, and the Paris Club, the dirham is only fully convertible for current account transactions. In 2000, Morocco entered an Association Agreement with the EU and, in 2006, entered a Free Trade Agreement (FTA) with the US. Long-term challenges include improving education and job prospects for Morocco's youth, and closing the income gap between the rich and the poor, which the government hopes to achieve by increasing tourist arrivals and boosting competitiveness in textiles.
GDP (purchasing power parity):
$125 billion (2007 est.)