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Monetary policy tightening and the 2023 budget: the IMF congratulates Morocco

26/01/2023
Source : ORISHAS FINANCE
Categories: Index/Markets

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The IMF published a report following its consultations with Morocco. He praised the country for the “very vigorous” response that has mitigated the social and economic impact of the recent negative shocks, for the tightening of monetary policy and the 2023 Budget.

The report published by the IMF following the Article IV consultations with Morocco mentions that the institution welcomes the Kingdom's progress in improving its financial supervision and regulatory framework and its “firm commitment” to implement Implement comprehensive structural reforms. He is also optimistic about the country's economic outlook.

According to the same report, the fund indicates that the Fund's directors congratulated the Moroccan authorities for the “very vigorous” policy response that has mitigated the social and economic impact of recent negative shocks. According to them, at a time when the risks to the economic outlook are on the downside, the continuation of strong policies and the rapid implementation of reforms would support economic activity in the future.

However, it is based on 3% GDP growth in 2023 and focuses on a few areas for improvement for Morocco.

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