In Morocco, business insolvencies are expected to rise in both 2024 and 2025, according to a recent global report. Compiled by Allianz Trade, the report titled «Global Insolvency Outlook: Allianz Trade's 18 Regional Outlooks on the Insolvency Wave», places Morocco among the countries experiencing a «noticeable increase» in insolvencies. This refers to situations where companies are unable to meet their financial obligations, forcing them to either cease operations or restructure their debts. The report projects that business insolvencies in Morocco will grow by 13% in 2024 and by 8% in 2025. It also highlights a significant rise in insolvencies from 12,397 cases in 2022 to 14,245 in 2023. This figure is expected to reach 16,100 in 2024 and 17,400 in 2025 and 2026. The rise in Morocco's insolvencies is part of a broader trend affecting the region and the global business environment. The increase is largely attributed to a backlog of insolvencies that were postponed during the pandemic and the energy crisis. According to Allianz, «Morocco is still waiting for a decrease in insolvencies». The report notes that, «At some point, we should see fewer 'administrative' cases of insolvencies—those involving inactive firms using the procedure as a new legal way to exit the register». «However, we expect domestic companies to continue facing challenges such as payment delays and additional fiscal pressures, preventing a downward trend in insolvencies before 2026», it noted. Globally, key sectors experiencing the most significant increases in insolvencies include construction, retail, and services.
