Abdellatif Jouahri

Articles

• Morocco’s Central Bank Chief Urges Tax Amnesty for Undeclared Foreign Assets
  20 December 2019, by Sylvanus

  Abdellatif Jouahri, Governor of Bank Al-Maghrib (BAM), during a press conference, called on Moroccans holding undeclared assets or property abroad to regularize their situation.
  Pay the tax amnesty without incurring penalties. This is the call that Abdellatif Jouahri has made to Moroccans who, until now, have not regularized their situation. According to him, this is the last chance offered to them.
  The Governor of BAM recalled that the implementation of the tax amnesty on assets held (…)

• IMF Chief Georgieva to Visit Morocco for Economic Talks
  5 February 2020, by Bladi.net

  Kristalina Georgieva, the new Managing Director of the International Monetary Fund (IMF), is expected in Morocco as early as February 19 on economic development issues.
  The new Managing Director of the International Monetary Fund (IMF) will be on an official visit to Morocco on February 19, says Aujourd’hui Le Maroc. This will be one of the stages of her Maghreb tour. Kristalina Georgieva is to intervene with the Moroccan side, on issues of great concern, in particular with the Minister (…)

• Morocco Expands Dirham’s Trading Range to Boost Economic Resilience
  21 October 2019, by Sylvanus

  The easing of the exchange rate regime aims to absorb external shocks, in particular a surge in oil prices, and to strengthen the competitiveness of Morocco.
  "After the first phase of reforms last year, the central bank will continue to keep the dirham in an euro-dollar basket with a ratio of 60% to 40% respectively," said Abdellatif Jouahri, the Governor of Bank Al-Maghrib, in an interview on the sidelines of the International Monetary Fund (IMF) meetings.
  According to him, the next (…)

• Morocco Advances Toward More Flexible Dirham Exchange Rate
  22 February 2020, by Sylvanus

  Morocco wants to take a new step in the process of flexibility of the dirham.
  The Minister of Economy, Finance and Administration Reform, Mohamed Benchaâboun, assured on Thursday, February 20, that Morocco is committed to taking the next step towards a more flexible exchange rate for its currency. On January 15, 2018, Morocco had adopted a floating exchange rate regime, under which the dirham parity is determined within an expanded fluctuation band of 2.5%, compared to 0.3% previously. (…)

• Morocco Considers Next Phase of Dirham Flexibility Reform
  4 March 2020, by Sylvanus

  Bank Al-Maghrib and the Ministry of Finance are working on the triggering of the next stage of the reform related to the flexibility of the dirham. But prerequisites must be defined upstream.
  "Today, it is up to Morocco, that is to say the Ministry of Finance and the central bank, to agree on the date of triggering the next phase of this reform," said the Minister of Finance, Mohamed Benchaâboun, during the last working visit to Morocco of the Managing Director of the International (…)

• Morocco’s Central Bank Chief Outlines Economic Impact and Response to COVID-19 Crisis
  24 March 2020, by Bladi.net

  Abdellatif Jouahri, Wali of Bank Al-Maghrib, in an interview with Medias24, discussed the consequences of the Coronavirus on the economic sector of the kingdom, the support measures taken by the economic monitoring committee and the prospects.
  Addressing the issue of the insufficiency of the measures taken by the economic monitoring committee and the recommendations to the Executive in terms of support measures for the economy and employment in the COVID-19 crisis, Abdellatif Jouarhi (…)

• Morocco’s Central Bank Prepares for Economic Impact of Coronavirus
  12 April 2020, by Sylvanus

  "We are identifying scenarios and measures that can mitigate the impact of the virus, including strengthening foreign exchange reserves," the BAM governor told the Turkish news agency. According to Abdellatif Jouahri, developments related to the coronavirus "are progressing very quickly; which creates such a state of uncertainty that it is difficult to predict how the situation will evolve in the coming weeks and months".
  For him, "what is gratifying is the spontaneous flow of solidarity (…)

• Morocco’s Economy Faces 70 Billion Dirham Loss as COVID-19 Deepens Recession
  28 September 2020, by Sylvanus

  The coronavirus has had a negative impact on the Moroccan economy, resulting in a loss of around 70 billion dirhams. This is at least what Abdellatif Jouahri, Governor of Bank Al-Maghrib (BAM), has stated.
  The extent of the effects of Covid-19 on the Moroccan economy has upset forecasts. The national economy will experience a deeper recession than expected, said Mr. Jouahri. GDP will contract by 6.3% instead of 5.2%. Consequence: GDP will experience a decline of around 70 billion dirhams. (…)

• Moroccan Central Bank Governor Ranks Among World’s Top 10 for Fourth Year
  14 October 2020, by Jérôme

  The Governor of Bank Al-Maghrib (BAM), has achieved a new feat. Moroccan Abdellatif Jouahri has been ranked in the top 10 best central bankers for the fourth consecutive time.
  In the latest ranking of the American magazine Global Finance, "Jouahri obtained the most prestigious "A" grade" awarded by the New York magazine in its report entitled "Central Banker Report Cards 2020", BAM said in a statement.
  Since 1994, Global Finance has annually published the "Central Banker Report Cards", (…)

• Morocco: Over 470,000 Households Receive Loan Deferrals Amid COVID-19 Crisis
  25 November 2020, by Jérôme

  As of the end of September 2020, the number of beneficiaries of the deferral of the maturities of real estate and consumer loans for people impacted by the health crisis related to Covid-19, put in place on March 19 by the Economic Monitoring Committee, reached 471,742 households in the Kingdom. At the same time, 32,248 requests from companies were validated by the banking sector.
  As of the end of August, in the field of microcredit, 69,300 requests have been validated, said Abdellatif (…)