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الصحيفة
How Morocco Averted Economic Crisis
Morocco succeeded in avoiding the fate of popular countries that collapsed financially, thanks to a strong institutional framework and a complete separation between electoral legitimacy and sovereign authority. This prevents populism from gaining control of vital financial and sovereign institutions such as Bank Al-Maghrib and the Office Chérifien des Phosphates. This solid system has contributed to safeguarding Morocco from the monetary and financial crises that affected other countries like Venezuela and Argentina, where excessive reliance on printed money or populist policies led to significant economic collapses.
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