The honeymoon with the markets is over and the kingdom faces new political problems
A run of bad luck has hit Morocco. Even the recent heavy rains, which ended two years of drought in the Maghreb and brought the promise of good harvests to Algeria and Tunisia, caused floods, swept away new dams and damaged infrastructure projects in the kingdom. At the start of 1995, Morocco was impressing international financiers with progress on privatisation and market reforms. Now, social tensions are mounting and the government, led by Abdellatif Filali (both Prime Minister and Minister of Foreign Affairs), has lurched from paralysis to over-reaction.
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