Global external position: a net debt position at the end of September 2024

The total external position (PEG), which reflects the financial position of the Moroccan economy relative to the rest of the world, shows net debt of DH785 billion at the end of September 2024, compared to -DH787.8 billion at the end of June last year, according to data from the Office des Changes .

This trend, according to the same source, is attributed to the simultaneous increase in financial deposits of DH13.6 billion and financial obligations of DH10.8 billion.

The increase in the outstanding amount of financial assets is, among other things, a result of the respective increase in the outstanding amounts of the “Other Investments” and “Portfolio Investments” components by DH5.4 billion and DH4.2 billion, respectively, the same source said.

The increase in financial obligations results from the increase of DH13.1 billion in the outstanding amount of “Direct Investments”, which is mainly mitigated by the decrease of 2.6 billion DH in the outstanding amount of “Portfolio Investments”.