Moroccan central bank aims to boost SMEs while implementing Basel III
The Central Bank of Morocco (CBM) has released its annual report for 2012, documenting the parlous state of the country's economy, and the central bank's efforts to provoke a recovery.
Perhaps the most eye-catching statistic was the almost-zero job creation, for the first time since the annual report started being published in 2000. The lack of new jobs was accompanied by a reduction in participation in the workforce, meaning unemployment stayed stable at 9.0%. The service sector also overtook
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