40 countries formally back Morocco’s Autonomy Plan, reaffirm sovereignty over southern provinces

On 8 September 2026, a group of 40 countries publicly reaffirmed support for Morocco’s “full and complete sovereignty” over its southern provinces and explicitly backed Morocco’s Autonomy Plan and Security Council Resolution 2797 as the basis for negotiations, strengthening Rabat’s diplomatic position on the Western Sahara issue.

Broad diplomatic endorsements can lower perceived political-risk premia for an affected sovereign. If markets view the 40-country backing as durable, Morocco’s medium-to-long-dated sovereign and quasi-sovereign spreads could compress versus peers, easing funding conditions. The effect is conditional on investor confidence that endorsements translate into concrete political progress and reduced risk of escalation; absence of follow-through would limit any lasting market impact.

UN meetings on the Sahara issue scheduled for October 2026 (UN-led negotiations and follow-up).