Akhannouch: cooperatives key to formalizing Morocco’s informal economy

Akhannouch: cooperatives key to formalizing Morocco’s informal economy
Tuesday 17 June 2025 - 14:45

Speaking at the 5th National Conference on the Social and Solidarity Economy, Prime Minister Aziz Akhannouch emphasized King Mohammed VI’s strong support for the sector, calling it a key pillar of inclusive and sustainable development.

He described cooperatives, at the heart of this economy, as essential “gateways from the informal to the formal economy,” forming the roots of entrepreneurship in Morocco.

Akhannouch highlighted government efforts to transform the sector, noting its cultural significance and export potential. With over 61,000 cooperatives involving 765,000 people, he said trust in the sector is growing, even among banks. 

Traditional Moroccan products, he added, such as zellige and medjoul dates, reflect the uniqueness and craftsmanship of cooperative labor and deserve global recognition.

Quoting the King’s 2000 Throne Speech, Akhannouch reaffirmed the importance of an economy that blends market efficiency with social solidarity, a vision rooted in Moroccan values and vital for balanced regional development.

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