International Monetary Fund (IMF) / Press Release

Source: International Monetary Fund (IMF) | Feb 11, 2025

International Monetary Fund (IMF) Staff Completes 2025 Article IV Consultation with Morocco

Structural reforms should focus on strengthening job creation, including by better targeting active labor market polices, consolidating programs to support small and medium firms, and removing regulatory distortions that hinder firms’ growth

Economic growth is accelerating thanks to strong domestic demand, amid a new investment cycle in many sectors. Tax reforms have allowed the fiscal deficit in 2024 to be lower than expected while also funding spending measures. Going forward, saving part of the revenue windfall would help strengthen the fiscal buffers.…

Source: International Monetary Fund (IMF) | May 01, 2024

International Monetary Fund (IMF) Executive Board Concludes 2024 Article IV Consultation, Mid-Term Review under Flexible Credit Line Arrangement, First Review under the Resilience and Sustainability Facility and Rephasing of Access under Resilience and Sustainability Facility with Morocco

The Moroccan economy continued to show resilience to negative shocks

On March 26, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation,[1] mid-term review under Flexible Credit Line Arrangement, first review under the Resilience and Sustainability Facility and Rephasing of access under Resilience and Sustainability Facility with Morocco. The Moroccan economy continued to show resilience to…

Source: International Monetary Fund (IMF) | Sep 10, 2023

Joint Statement on Solidarity with Morocco

Following the earthquake of September 9, we express our full solidarity with the Moroccan authorities and people, and offer our condolences to the families of the victims

The Prime Minister of India, Mr. Narendra Modi, the Chair of the African Union and President of the Comoros, Mr. Azali Assoumani, the President of the French Republic, Mr. Emmanuel Macron, the President of the World Bank, Mr. Ajay Banga, the Managing Director of the International Monetary Fund, Ms. Kristalina…

Source: International Monetary Fund (IMF) | Mar 06, 2023

Executive Board Receives Request for Flexible Credit Line Arrangement with Morocco

The IMF stands ready to continue to support Morocco face the risks from the highly uncertain global environment

The International Monetary Fund (IMF) Executive Board met today in an informal session [1] to discuss a request from the Moroccan authorities for a two-year arrangement under the Flexible Credit Line (FCL) with the IMF in an amount equivalent to SDR 3.726 billion (about 417 percent of quota, or US$5 billion). This…

Source: International Monetary Fund (IMF) | Feb 10, 2022

IMF Executive Board Concludes 2021 Article IV Consultation with Morocco

After shrinking by 6.3 percent in 2020, GDP is forecast to have grown by 6.3 percent in 2021, among the highest in the Middle East and North Africa region

On February 2, 2022, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation with Morocco on a lapse of time basis. Economic activity has recovered most of the ground lost during the severe global recession of 2020. This performance owes to continued fiscal and monetary stimulus, the…

Source: International Monetary Fund (IMF) | Dec 11, 2021

IMF Staff Completes 2021 Article IV Mission to Morocco

International Monetary Fund (IMF) staff team led by Roberto Cardarelli conducted virtual discussions with the Moroccan authorities on the 2021 Article IV Consultation

Morocco’s economy is rebounding. The economic recovery is expected to continue over the next few years, although the COVID-19 pandemic will leave some scars; the authorities have embarked on a broad range of structural reforms, which should be supported by an adequate financing plan and a coherent and stable macroeconomic…

Source: International Monetary Fund (IMF) | Apr 08, 2020

Coronavirus: Morocco Draws on Funds Available under the Precautionary and Liquidity Line to Address COVID-19 Pandemic

The International Monetary Fund (IMF) remains closely engaged with the authorities to help them mitigate the impact of COVID-19 on Morocco’s economy

On April 7, the Moroccan authorities purchased all available resources (about US$ 3 billion) under the Precautionary and Liquidity Line (PLL) arrangement; The authorities will use funds purchased under the PLL to cope with the social and economic impact of COVID-19 and to maintain strong external buffers in a context…