Survey on the payment behavior of companies in Morocco in 2021: shortened delays but still widespread late payments
According to the study conducted by Coface in 2021 on the payment behaviour of companies in Morocco, contractual payment terms in the country remain long, reaching an average of 79 days. However, they have improved significantly, with a shorter duration of about 14 days compared to the previous survey conducted in 2019.
According to the survey, late payments remain widespread in Morocco, with almost half of companies reporting payment delays of more than three months in the last six months. While GDP has contracted in 2020 (estimated -6.3% after a 2.5% growth in 2019), more companies have perceived a deterioration. In 2021, while Coface forecasts a 4.5% growth for the Moroccan economy, nearly half of companies seem to expect payment delays to remain stable, and more than a third expect them to increase.
Late payments and non-payments are a major constraint for businesses. 2020 saw a 22% reduction in the number of insolvencies compared with 2019, but there will be a sharp increase in the number of insolvencies in 2021 due to a catch-up effect: +94% in the first half of 2021 according to Inforisk.
 Survey of 380 companies conducted in the second quarter of 2021.
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