Moroccan market surges ahead for micro finance 2 Brussels

The report also highlighted the progress achieved in the area of governance, noting that "the strong desire of public authorities to improve the quality of services provided by the administrations has helped the implementation of reforms." "Further progress has also been documented as regards improving economic transparency," the document added, recalling that Morocco has recently adopted new banking regulations aimed at increasing the transparency of transactions. The report pointed out that, in 2007, the FEMIP disbursed some _ 1.4 bln to its Mediterranean partners (notably Morocco, Tunisia, Egypt, Palestine, Jordan, Syria and Lebannon), with 68% of the financing going to private... [read full story]