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Morocco secures €2 billion in euro bonds for World Cup 2030 preparations

Morocco has successfully raised €2 billion ($2.2 billion) in euro-denominated bonds, marking its first eurobond sale in five years. This significant financial move attracted bids totaling over €6.75 billion, surpassing initial expectations by €500 million. The funds will primarily support......

IMF approves $496 million for Morocco's economic resilience

The International Monetary Fund (IMF) has announced the approval of a $496 million disbursement to Morocco under the Resilience and Sustainability Facility arrangement. This marks the third tranche of funding, bringing the total disbursed to approximately $1.24 billion. The announcement highlights Morocco's......

Resilience of the Moroccan economy amid negative shocks

The Moroccan economy has demonstrated resilience in the face of negative shocks, showcasing the strength of the Kingdom's economic policies and frameworks, according to Kenji Okamura, Deputy Managing Director and Acting President of the International Monetary Fund (IMF). In a statement issued in......

Morocco eyes €1 billion euro bond sale amid falling yields

Morocco is preparing to tap international debt markets with a new euro-denominated bond issuance, its first since 2023, to help finance an ambitious infrastructure development program ahead of co-hosting the 2030 FIFA World Cup. Finance Minister Nadia Fettah Alaoui emphasized the country's current......

IMF recommends inflation targeting for Morocco amid strong growth outlook

Morocco's economy is poised for robust growth of 3.9% in 2025, building on its 3.2% expansion in 2024, as the International Monetary Fund advises the nation's central bank to implement an inflation-targeting framework and enhance debt reduction initiatives. The country has demonstrated remarkable......

Morocco’s economy expected to grow by 3.9% in 2025

Morocco's economic growth is projected to reach 3.9% in 2025, following an estimated 3.2% expansion in 2024, according to the International Monetary Fund (IMF). This outlook was presented by Roberto Cardarelli, head of the IMF mission to Morocco, during recent consultations conducted from January......

 IMF and Egypt Agree on $1.2 Billion Deal to Bolster Public Finances  

The International Monetary Fund (IMF) and Egypt have reached a critical agreement to unlock $1.2 billion in funding aimed at stabilizing the country’s struggling public finances. This "staff-level agreement" is still subject to approval by the IMF's Executive Board, marking a significant......

Morocco’s External Debt Reaches $69.267 Million in 2023

A recent report from the World Bank Group, International Debt Report 2024, reveals that Morocco's external debt surged to $69.267 million in 2023, a significant increase from $27.3 million in 2010. The report provides an in-depth analysis of the debt’s composition and the conditions of Morocco’s......

IFC Injects $37 Million to Modernize Morocco's Logistics Infrastructure

In a significant move to strengthen Morocco's logistics sector, the International Finance Corporation (IFC) has announced a $37 million investment in Building Logistics Services (BLS), a key logistics operator in the North African nation. The agreement, signed during the International Monetary Fund......