2024-06-23 13:18:36
“Morocco has demonstrated resilience within the face of destructive shocks. This resilience actually displays the power of the financial system and monetary system in Morocco,” stated Mr. Adrian throughout a press briefing to current the report on “ Monetary Stability within the World”, on the event of the annual conferences of the IMF and the World Financial institution.
The senior IMF official famous particularly the “wonderful work” undertaken by Morocco in transferring in the direction of extra flexibility within the alternate price, which made it doable, he defined, to cushion sure destructive shocks.
“Morocco has confronted a drought, however however we observe that agricultural manufacturing is sort of robust, and tourism can also be resuming,” he stated, noting that there are at all times compromises to be made however they’re “very properly managed”.
When it comes to monetary stability, “we consider that the Moroccan authorities are taking superb measures to make sure that the banking system is properly capitalized and to extend monetary inclusion,” he added.
In the identical vein, the deputy director of the identical division, Jason Wu, highlighted the “applicable” financial coverage of Financial institution Al-Maghrib to make sure management of inflation and assure monetary stability.
In a world context marked by an inflationary spiral and stress on currencies, he famous that “the dirham had depreciated barely and liquidity spreads had widened just a little, however at manageable ranges, which displays a cushioning of shocks partially supported by political measures”.
On the world degree, the IMF notes in its report the persistence of excessive inflation in lots of superior economies, which may “name into query the state of affairs of a tender touchdown and result in a probably brutal revaluation of belongings”.
On the degree of rising markets, the worldwide establishment however notes progress in decreasing inflation, and obvious benefits of early will increase in rates of interest.
2024-06-23 13:18:36