The Minister Delegate to the Minister of Economy and Finance, in charge of the Budget, Fouzi Lekjaa, highlighted, on Wednesday in Rabat, the “laudable” efforts made by Morocco to strengthen its economy and its finances. public. Thus, Lekjaa who responded to journalists’ responses during the press briefing held at the end of the Government Council, indicated that these efforts were crowned by the taking of three decisions recently.
This is, first of all, Morocco’s exit from the enhanced surveillance process, known as the “grey list”, decided unanimously by the Financial Action Task Force (FATF), which reflects, he said, “the resilience of the Moroccan economy and would further strengthen the confidence of international investors”.
Lekjaa also highlighted Morocco’s remarkable exit from the international financial market, through the issuance of a bond loan for a total amount of 2.5 billion dollars, noting that this operation bears witness to “the investor confidence in the resilience of the Moroccan economy” in a context of crisis, as well as “the solidity of the Kingdom’s macroeconomic fundamentals and the rigor of its public finances”. In this sense, the Minister indicated that these decisions are the result of the reforms implemented in several areas, economic, social and political, in particular to reduce the budget deficit.
Similarly, Lekjaa highlighted the recommendation of the Managing Director of the International Monetary Fund to grant Morocco a flexible line of credit of $5 billion over two years, which demonstrates that Morocco is on the right track in terms of management. of its public finances. And to continue that all of these achievements make it possible to strengthen the financial sovereignty of the country and offer margins to put in place the various reforms of the Kingdom, in particular with regard to the generalization of social protection, and also embody the efforts made for the strengthening the resilience of public finances and the Moroccan economy.