Morocco will be able to return to growth in 2021, as the impact of Covid-19 on the vital sectors of the economy fades. This is what Roberto Cardarelli, the head of the International Monetary Fund (IMF) mission in charge of Morocco, said.
While all projections of Morocco’s economic growth for the year 2020 agree on rather optimistic prospects, the International Monetary Fund (IMF), for its part, has gone against the current. The institution made its opinion known in a document entitled "World Economic Outlook, October 2020" which has just been published.
A few days before the expiration of its Precautionary and Liquidity Line (PLL), Morocco wants to further negotiate the obtaining of a Flexible Credit Line from the International Monetary Fund (IMF). This is an IMF financial instrument that offers more conditions and flexibility than the PLL, the impact of which is positive for the country’s rating.
The wealth of billionaires in the Middle East and North Africa has increased in these times of Covid-19. This is indicated in a report by Oxfam entitled "A Decade of Hope, Not Austerity, in the Middle East and North Africa" by the NGO Oxfam.
The health crisis related to the coronavirus has had a very negative impact on ten African countries including Morocco, Egypt and Tunisia. This is what a report by the International Monetary Fund (IMF) entitled "Global Economic Imbalances and the Covid-19 Crisis" indicates.
Severely affected by the global health crisis, the Moroccan economy has withstood it thanks to the strong measures taken by the government. It has been less impacted in the MENA and Central Asia region, according to the International Monetary Fund (IMF).
In the run-up to the "deconfinement" of June 10, the Secretary General of the Istiqlal , Nizar Baraka, presented on Friday the main lines of his party’s Memorandum in the presence of the Head of Government.
In addition to fighting a formidable virus, states must expect to face social unrest, a direct consequence that could result from the measures taken to deal with the coronavirus pandemic. The International Monetary Fund (IMF) sounded the alarm in a report published on Wednesday.
The International Monetary Fund (IMF) announces a historic recession and a rising unemployment rate in Morocco in 2020, due to the coronavirus pandemic.
The Precautionary and Liquidity Line (PLL) granted by the International Monetary Fund (IMF) to Morocco has only covered a few days of imports. According to Fouzia Zaaboul, Director of the Treasury, "the PLL drawdown strengthens our foreign exchange reserves by about 18 days of goods and services imports".
At the end of 2019, the outstanding public external debt reached 29.7% of GDP, or more than 339.8 billion dirhams (MMDH), according to data from the Directorate of the Treasury and External Finance (DTFE).
Morocco has (finally) borrowed $3 billion from the Precautionary and Liquidity Line (PLL) of the International Monetary Fund (IMF).