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IMF congratulates Morocco on economic reforms

IMF chief in Morocco Nicolas Blancher praised the reforms initiated to boost the business climate in Morocco, during a meeting with House Speaker Habib El Malki on Monday in Rabat.

According to a statement from the House of Representatives, Mr. Blancher welcomed the tax reform outlined in the National Tax Foundation, as well as the efforts made towards advanced regionalization, but also the many projects implemented in particular to consolidate the resilience of the Moroccan economy.

During a working visit to the Kingdom at the head of a large delegation, the official said that the holding of the annual meeting of the IMF in 2021 in Marrakech offers the opportunity to value the fruitful relations between the international financial institution and Morocco and contribute to the new development model.

The Speaker of the House of Representatives spoke of the royal appeal for the opening of the legislative year to the national banking sector to engage more actively in the current development dynamic, especially in the financing of projects of investment, support for activities generating employment and income.

“Morocco is going through profound changes marked by the launch of reforms in various fields,” said the Speaker of the Lower House of Parliament, noting that this dynamic is in line with the royal guidelines for the establishment of a development model able to meet the needs of citizens in terms of employment, health and education.

In this regard, he stressed that the Kingdom “is committed at the highest level of the State to honor its commitments towards international institutions, while highlighting the prevailing consensus between the majority and the international community of opposition on priorities and issues to be addressed”.

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