During a press briefing held at the end of the Government Council, Mr. Lekjaa responded to journalists’ questions, stating that recent efforts had culminated in three significant decisions.
These decisions primarily concern Morocco‘s withdrawal from the enhanced surveillance regime known as the “grey list,” unanimously agreed upon by the Financial Action Task Force (FATF). This move, according to Mr. Lekjaa, reflects the resilience of the Moroccan economy and will further bolster investor confidence.
Additionally, the minister highlighted Morocco’s successful issuance of a bond loan worth $2.5 billion on the international financial market. This operation serves as a testament to “investors’ confidence in the resilience of the Moroccan economy” amidst challenging circumstances and reinforces the ”solidity of the Kingdom’s macroeconomic fundamentals and the rigor of its public finances.”
These achievements are attributed to the various reforms implemented across economic, social, and political spheres, particularly those aimed at reducing the budget deficit. Such measures were guided by the enlightened leadership of HM King Mohammed VI.
Furthermore, Mr. Lekjaa pointed to the International Monetary Fund‘s recommendation to grant Morocco a flexible credit line of $5 billion over two years, indicating that the country is on the right track in managing its public finances.
These accomplishments collectively strengthen the financial sovereignty of the nation and provide a platform for implementing further reforms, such as expanding social protection measures. They also embody the efforts undertaken to enhance the resilience of public finances and the Moroccan economy as a whole.