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…

Opening Remarks: Rabat Conference on the Bali Fintech Agenda (by Tobias Adrian)

Promoting progress in Fintech will surely be a daunting challenge for policymakers

by Tobias Adrian Thank you, Governor Jouahri, for your eloquent opening remarks. And thank you to the Bank Al-Maghrib — which is celebrating its 60th anniversary this year — for hosting this conference. We’re pleased to join you here in Rabat, as we continue a series of conferences that we’re convening…

World Bank and International Monetary Fund (IMF) Officials visit Morocco to prepare 2021 Annual Meetings in Marrakech

Team visited the potential sites where the Annual Meetings will be held and had productive discussions on issues related to the planning of this major global event

A high-level team from the World Bank Group (WBG) and International Monetary Fund (IMF) visited Marrakech and Rabat from February 14–15 for discussions with the Moroccan Government on preparations for the WBG/IMF Annual Meetings to be hosted by the country in October 2021. During their visit, the senior officials from…

World Bank Group and International Monetary Fund to Hold 2021 Annual Meetings in Marrakech, Morocco

The last time the Annual Meetings were held in Africa was in 1973, in Nairobi, Kenya

The 2021 Annual Meetings of the World Bank Group (WBG) and the International Monetary Fund (IMF) will take place in Marrakech, Morocco, in October 2021, following a vote by the Boards of Governors of the two institutions. The Annual Meetings bring together central bankers, ministers of finance and development, private…

Statement by the IMF Managing Director on Meeting with the Mauritanian Authorities

Ms. Christine Lagarde, Managing Director of the International Monetary Fund (IMF), met today with the Governor of the Central Bank of Mauritania Abdel Aziz Ould Dahi and the Minister of Economy and Finance El Moctar Ould Djay in Marrakesh, Morocco. Following the meeting, Ms. Lagarde made the following statement: “I…

The International Monetary Fund Executive Board Completes the Third and Final Review under the Precautionary and Liquidity Line Arrangement for Morocco

Building on recent progress, continued fiscal consolidation will help lower the public-to-GDP debt ratio while securing priority investment and social spending in the medium term

Raising potential growth and making it more inclusive and reducing regional disparities will require sustained reforms. Growth rebounded in 2017 and is expected to accelerate gradually over the medium term, subject to improved external conditions and steadfast reform implementation. Building on recent progress, continued fiscal consolidation will help lower the…

IMF Staff Completes 2017 Article IV Consultation and Third Review of the Precautionary and Liquidity Line (PLL) Arrangement

The Moroccan economy has benefited from the continuation of prudent macroeconomic policies and structural reforms

Fiscal and external vulnerabilities are being further reduced. Achieving higher and more inclusive growth requires accelerated structural reforms. Current conditions continue to offer a window of opportunity to start the transition to greater exchange rate flexibility. An International Monetary Fund (IMF) staff team led by Nicolas Blancher visited Morocco from…

IMF Executive Board Concludes the Ex-Post Evaluation of the Second Precautionary and Liquidity Line Arrangement for Morocco

On August 1, 2017, the Executive Board of the International Monetary Fund (IMF) concluded the Ex Post Evaluation (EPE) of exceptional access under the 2014–16 Precautionary and Liquidity Line (PLL) arrangement. (The Executive Board also concluded the second review of Morocco’s economic performance under a program supported by a two-year…

IMF, AMF, AFESD and Government of Morocco to Host Regional Conference: “Opportunity for All—Promoting Growth, Jobs, and Inclusiveness in the Arab World”

IMF Managing Director Christine Lagarde, AFESD Director General Chairman of the Board Abdlatif Y. Al-Hamad, and AMF Director General Chairman of the Board Abdulrahman Al Hamidy will be among the conference speakers

The International Monetary Fund (IMF), Arab Monetary Fund (AMF), Arab Fund for Social and Economic Development (AFESD) and Government of Morocco will co-host a high-level conference in Marrakesh, January 29–30, 2018, on promoting higher economic growth, job creation, and inclusiveness in the Arab World. Opportunities for All: Promoting Growth, Jobs,…

IMF Executive Board Concludes the Second Review under the Precautionary and Liquidity Line Arrangement for Morocco

The Moroccan authorities have not drawn on the arrangement and continue to treat it as precautionary. The new government’s economic program is in line with key reforms agreed under the IMF arrangement, such as reducing fiscal and external vulnerabilities while strengthening the foundations for higher and more inclusive growth. On…