Ministry of Economy and Finance

Morocco Unveils $5.7 Billion Plan to Expand Social Coverage to Millions

23 February 2021

The Minister of Finance presented, this Monday, February 22, the timetable for the generalization of social coverage to the members of the finance committee. This reform will (…)

Morocco’s Electricity Production Drops 4.1% in 2020 Amid Pandemic

9 February 2021

Electricity production in Morocco fell by 4.1% at the end of 2020, after an increase of 17.2% in 2019. This is what the Directorate of the Treasury and External Finance (DTFE) (…)

Moody’s Maintains Morocco’s Credit Rating, Shifts Outlook to Negative Amid Pandemic Impact

6 February 2021

The rating agency Moody’s has maintained Morocco’s credit rating at "Ba1" due to its ability to access external and domestic financing on favorable terms. While Morocco’s (…)

Morocco’s Budget Deficit Hits 7.6% of GDP Amid COVID-19 Economic Challenges

25 January 2021

The Ministry of Economy, Finance and Administrative Reform indicated that at the end of December 2020, the Amended Finance Act (LFR) revealed a budget deficit of 82.4 billion (…)

Morocco Repays $936 Million to IMF Ahead of Schedule, Boosting Economic Confidence

25 December 2020

On December 21, Morocco decided to repay in advance part of the drawdown made on the Precautionary and Liquidity Line in April last year. The Ministry of Finance and Bank Al (…)

World Bank Invests $800 Million in Morocco’s Social, Agricultural, and Urban Programs

23 December 2020

Three financing agreements totaling $800 million have been signed by the Minister of Economy, Mohamed Benchaâboun, and the World Bank (WB) Country Director for the Maghreb, (…)

Morocco Raises $3 Billion in Successful International Bond Issue After 7-Year Hiatus

9 December 2020

Morocco issued a bond on the international financial market on Wednesday, December 9, for an amount of 3 billion euros. This operation, which was a success, marks the return of (…)

Morocco Extends Tourism Sector Support Until March 2021 Amid COVID-19 Impact

7 December 2020

Companies in the tourism sector affected by the effects of the coronavirus will continue to benefit from the support of the Moroccan state until March 2021. This is the result (…)

Morocco Guarantees $5.5 Billion in Loans to Boost Economic Recovery

7 December 2020

As of December 4, 2020, nearly 50 billion dirhams have been mobilized under the guaranteed loan scheme, as part of the national economic recovery plan. This was stated last (…)

Morocco Offers 12-Month Tax Break for Workers Rehired After COVID Job Losses

6 December 2020

The government has decided to exempt from income tax (IR) employees who have regained the jobs they lost during the coronavirus health crisis.