During the last annual meeting of the Board of Bank Al-Maghrib (BAM), its Wali, Abdellatif Jouahri, detailed the major decisions and initiatives for the Moroccan economy.
Monetary easing under surveillance
Bank Al-Maghrib reduced its key rate by 25 basis points to 2.5%, an adjustment that reflects controlled inflation but remains cautious in the face of international economic uncertainties.
“We decide meeting after meeting, based on updated data,” said Mr. Jouahri, citing factors such as sectoral growth, balance of payments and public finances.
Crypto-assets: An innovative regulatory framework
Morocco is preparing to adopt a legal framework for crypto-assets, designed to regulate this sector while stimulating financial innovation. This project, developed in collaboration with the IMF and the World Bank, aligns with the international recommendations of the G20.
“We have involved all stakeholders to guarantee balanced and secure regulations,” underlined the Wali.
This text makes Morocco one of the first developing countries to propose clear regulations in this area, thus strengthening its preparation for the economic challenges of monetary digitalization.
Revitalization of the overdue debt market
The success of the first securitization operation of 400 million dirhams marks a major step forward in the management of non-performing loans.
“A structured secondary market for these debts will strengthen the solvency of banks and support the national economy,” Mr. Jouahri said.
Outlook for 2025
In addition, Morocco’s next exit on international financial markets, initially planned for the end of 2024, is now planned for the first quarter of 2025. The objective is to guarantee optimal financing conditions while preserving the Kingdom’s reputation with foreign investors. .
LNT
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