The services of the International Monetary Fund (IMF) have just completed the Consultations 2025 with Morocco as part of Article IV. During their mission, which took place from January 27th to February 7th, the IMF services provided overall satisfactory conclusions. In fact, the Kingdom’s economic growth is expected to accelerate to 3.2% against 3.2% in 2024 this year. “High interior requirements” //
According to the fund, greater growth should bring the current deficit of the payment amount around 3%compared to the currently low levels, while inflation should stabilize around 2%and underlines the fund again. The IMF services believe that the risks that weigh the perspectives are generally “balanced”, with great uncertainty about the economic effects of geopolitical tensions and climate change.
With regard to the current economic orientation, the IMF is geared towards the decisions of Bank al-Magrib (BAM). “With the anticipation in inflation, the alignment of current monetary policy, which is generally neutral, is appropriate. BAM agree to the IMF services that future changes to the key figure must remain of the data. While inflation has returned to 2 %, the Bank al-Maghrib should continue to prepare its transition to an inflation-stargeting system, “continues the fund.
In addition, the international institution welcomes the reform of the tax system and the current reform of organic law in relation to the financial law, which should introduce a new budget rule based on anchoring the debts in the medium term. However, it requires the implementation of a new approach for the active labor market policy, which focuses on lost workforce in the agricultural sector due to the successor of Dürren.
