The International Monetary Fund (IMF) has urged Bank Al-Maghrib (Morocco's central bank) to adopt an inflation-targeting framework. He urged the government to further broaden the tax base to continue its fiscal reforms and reduce the country's debt.
According to the IMF, with inflation returning to around 2 percent, Bank Al-Maghrib should continue its preparations to adopt a framework aimed at (reducing) inflation. The IMF urged the Moroccan government to broaden the tax base and reduce transfers to state-owned enterprises.
Morocco's economy is expected to grow 3.9 percent this year compared to 3.2 percent in 2024, as agricultural output recovers from recent droughts and the non-agricultural sector continues to expand at a strong pace amid strong domestic demand.
Source (Al-Arabiya.net Website, Edited)
