Morocco: drawing out of payment periods, a perplexing trend?
Contrary to 2016, which was characterized by a low economic growth of 1.4%, 2017 is marked by higher expectations with growth expected to exceed 4%. Paradoxically, the question of payment periods and delays has never been more current now in this context.
Especially since the implementation of the new Act 49-15 to develop the regulatory framework governing payment periods in Morocco has fuelled debate. The text provides for, among other things, reducing the legal term between the issuance of the invoice and the final payment to 60 days.
For the third consecutive year, Coface is conducting the Moroccan payment behaviour survey, the aim of which is to monitor the evolution of payment periods and delays. A new development, the 2017 edition also questions companies about their payment behaviour expectations for the next 6 months.
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