Abdellatif Jouahri, Moroccan Central Bank Governor said that "this year's expected growth will be 3.3 percent, whereas, it was previously estimated at 3.5 in September and 3.6 percent in June".
Jouahri explained "he Moroccan government is in the process of preparing a new lending process in the international financial market during the next year," adding that "studies are underway to determine the date of this process and the currencies and the time that will be carried out," pointing out "Morocco's access to the "line of prevention and liquidity" from IMF is a positive sign for the international financial market, both in terms of the ease with which Morocco obtained this line, or in terms of what this credit line represents as a guarantee in the face of external shocks such as high oil prices”.
He also predicted a relatively stable level of public indebtedness to Morocco, which represents about 81.9 percent of the domestic crude output in 2018, pointing out that it is expected to rise slightly to 82 percent next year as the share of domestic indebtedness declines due to the government's intention to borrow from the international financial market.
Source (Al-Sharq Al-Awsat Newspaper, Edited)
