AMMC 2023 Report: Pioneering Growth and Innovation in Morocco’s Capital Market

Friday 13 December 2024 - 09:25

By: Dakir Madiha

AMMC 2023 Report: Pioneering Growth and Innovation in Morocco’s Capital Market

With a 36% surge in financial operations and the introduction of an ambitious 2024–2028 strategy, the Moroccan Capital Market Authority (AMMC) is charting a course toward a robust financial future.

The Moroccan Capital Market Authority (AMMC) has unveiled its 2023 annual report, showcasing a transformative year for Morocco's financial landscape. Presented by Chairwoman Nezha Hayat to Head of Government Aziz Akhannouch, the report highlighted significant milestones, including notable economic growth and easing inflationary pressures.

A Year of Notable Achievements

The capital market in Morocco recorded remarkable progress in 2023, with financial operations increasing by 36% to reach MAD 87.3 billion (USD 8.6 billion). The net assets of collective investment schemes rose by 11.8%, amounting to MAD 600 billion (USD 57.5 billion), while the stock market capitalization stood at MAD 626 billion (USD 59.7 billion).

The AMMC emphasized its success in overseeing market operations, licensing financial stakeholders, and modernizing market tools to align with international standards. These efforts underline the authority’s role in strengthening Morocco’s financial ecosystem and enhancing its global competitiveness.

Strategic Vision for 2024–2028

As the AMMC concluded its 2021–2023 strategic plan, the report also introduced a forward-looking roadmap for 2024–2028. This strategy aims to invigorate the capital market by fostering innovation and positioning it as a vital driver of savings and economic activity.

Hayat underscored the institution's commitment to transparency and efficiency, stating, “Our efforts remain centered on modernizing tools and encouraging investment to meet the demands of a dynamic economic landscape.”

A Catalyst for Economic Growth

The AMMC's proactive measures have cemented its position as a cornerstone of Morocco's broader economic ambitions. The new strategic plan is poised to build on past achievements while driving innovation and resilience in the financial sector.

This promising trajectory underscores Morocco's intent to solidify its status in both regional and global markets, signaling continued growth and dynamism in the years to come.