Morocco’s Treasury External Debt Reaches 151.4 Billion Dirhams, 14.5% of GDP

The Treasury’s external debt has fallen by around 6 billion dirhams to 148 billion, reports L’Economiste. Similarly, it recorded a rebound (154.7 billion dirhams) in the second quarter of 2019 to fall back to 151.4 billion in the 3rd quarter of the same year. Result: the overall outstanding external debt of the Treasury represents an average of 14.5% of GDP over the last three years.

As for principal payments, they are around 2.15 billion dirhams during the first nine months of 2019 compared to 8 billion in 2018 and 13.2 billion in 2017. They are mainly paid to bilateral creditors and countries of the European Union, specifies the same source. As for interest charges, they have remained stagnant since 2014 (3.7 billion dirhams).

In terms of maturity, the entire Moroccan debt is contracted in the medium and long term: 57.8% with international institutions, 28.1% on the international financial market. The euro now dominates domestic debt at 63%, followed by the dollar (28.5%).