First Independent Mena Newspaper
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. […]
President Rached Ghannouchi of the Ennahdha political party has called on the country’s National Unity Government to prioritize the “economic challenges facing Tunisia and the upcoming (municipal and local) elections” instead of the political future of a Minister or Prime Minister. Presidential and parliamentary elections are scheduled to take place in 2019 but they have […]
The Executive Board of the International Monetary Fund (IMF) completed on August 1 the second review under the Precautionary and Liquidity Line (PLL) Arrangement and reaffirmed Morocco’s continued qualification for the PLL and its sound economic fundamentals. In a statement on its website, the IMF underscores Morocco’s eligibility to PLL and praises the country for […]
Morocco’s macroeconomic policies and performance remained sound, despite volatility in agricultural output and elevated external risks, says a statement issued by the International Monetary Fund. “The Moroccan authorities remain committed to important fiscal, financial and structural reforms, which should strengthen the economy’s resilience to external shocks and support higher, more inclusive growth”, adds the statement […]