ABSTRACT
Economic development requires any state’s officials to oversee effective financial sustainability in their country. Demonstrating judicious economic policies guards against capital flight and helps citizens and foreigners risk investment in productive activities or make purchases in the local market. This chapter provides a brief summary of the findings of analysis of Morocco’s development of its financial sector under King Mohammed VI. It identifies the reasons for Morocco’s lack of capital when King Mohammed VI inherited the throne from his father Hassan II. The chapter analyzes King Mohammed VI’s efforts to professionalize Morocco’s banking sector, attract foreign investment and financial support and adopt “participatory banking” practices. It discusses Morocco’s creation of the Casablanca Finance City Authority and the country’s new initiatives to fund small- and medium-sized enterprises. The chapter concludes with an analysis of Morocco’s successes of its financial sector as well as its continuing needs.
