First Independent Mena Newspaper
The International Monetary Fund has issued a new assessment of the Algerian economy, which failed to diversify due to endemic corruption and deepening political crisis, fueling growing popular discontent and uproar. “Algeria continues to face important challenges posed by the fall in oil prices four years ago”, said IMF team after concluding a recent visit […]
The Arab region needs now more than ever an inclusive growth, which is a shared responsibility between governments, the private sector and society at large, including its youth and its women, said Tuesday in Marrakech Chief of the International Monetary Fund, Christine Lagarde. Addressing regional conference, “Opportunity for All: Promoting Growth, Jobs, and Inclusiveness in […]
Currency liberalization is the centerpiece of Morocco’s efforts to transform itself into North Africa’s main financial hub. The gradual Dirham float, which was announced early in January, will help Morocco attract more investments, IMF officials say. Morocco’s Central Bank launched a cautious and smooth liberalization of the Dirham starting with an anchor of 2.5% instead […]
The International Monetary Fund (IMF), Arab Monetary Fund (AMF), Arab Fund for Social and Economic Development (AFESD) and Government of Morocco will organize a high-level conference in Marrakesh, Jan. 29–30 to look into ways of promoting higher economic growth, job creation, and inclusiveness in the Arab World. The conference, “Opportunity for All: Promoting Growth, Jobs, […]
The IMF commended Morocco for launching a flexible ex-change rate system, saying that such a decision will help fur-ther improve Morocco’s external position, enhance the economy’s capacity to absorb shocks, and preserve its external competitiveness. Adopting the central bank law and continuing efforts to increase supervisory capacity in line with 2015 Financial Sector Assessment Program […]
The executive board of the International Monetary Fund (IMF) commended Morocco for its “sound” macroeconomic policies and reforms while stressing the need for structural reform efforts. “Executive Directors commended the authorities for the sound macroeconomic policies and reform implementation that have helped improve the resilience of the Moroccan economy, upgrade the fiscal and financial policy […]
Morocco’s economic growth has picked up in 2017 and is expected to reach 4.4 percent mostly driven by a significant rebound in agricultural activity, said the International Monetary Fund (IMF). “Inflation has declined further and credit growth is recovering”, while the current account deficit is projected to improve in 2017 to 3.9 percent of GDP, […]
The IMF expressed its support for the Moroccan authorities’ plan to gradually transition to a more flexible exchange rate regime, which should support the economy’s ability to absorb external shocks, and preserve competitiveness. The statement was made by Nicolas Blancher, head of the IMF consultation mission, in a press release that conveyed the preliminary findings […]
Morocco’s central bank (Bank Al-Maghrib ) has agreed to extend its investment agreement for the benefit of the Poverty Reduction and Growth Trust (PRGT) until 2022 in support of IMF’s concessional lending to low-income member countries. The International Monetary Fund (IMF), as Trustee of PRGT, has amended its 2012 investment agreement with Bank Al-Maghrib, through […]
IMF Managing Director, Christine Lagarde, commended Morocco for the “genuine” budgetary and sectoral reforms it has undertaken to balance its finances. The IMF head told the press on the sidelines of the annual meetings of the IMF and the World Bank that Morocco has used its credit line to carry out fiscal and structural reforms. […]