Hiri to Kode: Energy Reliance Risks Economy
Moroccan Bank forecasts for 2026 reveal increasing pressures on Morocco's external balances due to rising energy bills, driven by higher oil prices and international supply disruptions. This could lead to a widening current account deficit and greater reliance on hard currencies, affecting the trade balance and production costs. Expert Abdel Rzaz El-Hiry emphasized that the solution lies in reducing dependence on imported fuel by accelerating the shift to renewable energy sources and improving energy efficiency, while continuing to diversify energy sources to ensure sustainable growth and Morocco’s economic sovereignty. Although energy bills are expected to decrease in 2027, ongoing international tensions make it difficult to rely on stable sources and energy supplies.
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