Fitch maintains Morocco’s sovereign rating at BB+, but warns that investments for the 2030 World Cup could weaken public finances if costs overrun or if the state provides increased support to the companies in charge of the projects.
The Moroccan economy is reaching a historic milestone. Boosted by an automotive industry that now generates more revenue than phosphates , the country is expected to post growth twice that of Spain through 2031, according to IMF forecasts.
Facing growing enthusiasm for virtual currencies, Moroccan authorities are intensifying their controls. While the practice remains firmly prohibited, the kingdom is preparing legislation to regulate a digital market that has become impossible to ignore.
The International Monetary Fund anticipates positive spillovers for the Morocco’s massive investment plan by 2030. Growth should accelerate, provided debt is controlled and budget management of future projects is secured.
Since 2005, infrastructure has generated 20% of Moroccan growth according to the IMF. The country is accelerating its investments to reach 12% of GDP annually by 2030, aiming for a major economic leap despite the challenges related to public debt.
Morocco is preparing for a major energy shock. Bank Al-Maghrib could activate an IMF credit line if the barrel reaches $120, while the State is relaunching aid to carriers in the face of rising fuel prices.
The resurgence on social media of a statement by former MP Omar Balafrej, describing Morocco as a “poor country” compared with its Maghreb neighbors, has reopened the debate over national wealth. Although the video dates back to 2018, current IMF and HCP data confirm the persistence of a GDP gap with Algeria and Tunisia, as well as a notable worsening of internal inequalities.
In an interview, Dominique Strauss-Kahn, former Managing Director of the International Monetary Fund (IMF) and former French Minister of Economy, Finance and Industry, highlights the central role of Morocco in international cooperation, particularly for France.
Dominique Strauss-Kahn (DSK), former Managing Director of the International Monetary Fund (IMF) and former French Minister of Economy, Finance and Industry, participated in the funeral of his mother-in-law, Christine L’Aouffir, in Marrakech.
Dominique Strauss-Kahn (DSK), former Managing Director of the International Monetary Fund (IMF), also former French Minister of Economy, Finance and Industry, disputes the information reported by the media, including Bladi.net, concerning the launch of a vast hotel project south of Tangier .
Dominique Strauss-Kahn (DSK), former Managing Director of the International Monetary Fund (IMF), as well as former French Minister of Economy, Finance and Industry, is multiplying his investments in Morocco. He is launching a vast hotel project south of Tangier.
Nadia Fettah, Minister of Economy and Finance, welcomes the ongoing reform of the Moroccan exchange rate regime, stating that an important step is being taken to improve the flexibility of the dirham.