A recent Allianz Trade Insolvencies research showed that Morocco’s insolvency rate is predicted to rise by 5%, making approximately 13000 enterprises vulnerable to bankruptcy.
The analysis, which was published on April 11, claimed that Morocco had a 17% annual rate of business insolvencies as of 2022, which represented three of the four countries evaluated.
“The overall number of insolvencies mostly represents the situation of Small and Medium Enterprises,” said the report.
Globally, the number of major insolvencies reached 88 cases in 2022’s fourth quarter, which is slightly above pre-pandemic levels.
In 2024, the expected number of insolvencies in Morocco will raise by 53% compared to 2019, noted the report by Allianze Trade, a recognized specialist in the areas of securities, debt collection, and fraud insurance,
Morocco’s business insolvencies level reached 6.620 in 2020, 10.552 in 2021, 12.397 in 2022, and 13.000 this year.
add your comment
Terms of publication : Not to offend the writer, people, sacred things, or attack religions or the divine self, and refrain from racist incitement and insults.