International Monetary Fund: Morocco Leads Growth in Africa and Enhances Its Position in the Global Economy
Oussar Ahmed
Jihad Azour, Director of the Middle East and Central Asia Department at the International Monetary Fund, praised Morocco’s economic policies that have enabled it to maintain solid stability and achieve strong growth despite ongoing global crises.
In a statement to the Maghreb Arab News Agency on the occasion of the 26th anniversary of King Mohammed VI’s ascension to the throne, Azour asserted that Morocco has overcome significant economic and climatic challenges through deep reforms that have bolstered its regional and international standing.
Azour highlighted that the reforms included expanding economic partnerships and integrating into global production chains, with an emphasis on developing promising industrial sectors that have contributed to job creation and improved ties between the Moroccan economy and advanced markets.
In this context, the IMF official stressed the robustness of cooperation with Morocco, which is based on structural reforms aimed at enhancing productivity, boosting trade exchange and exports, while also building investor confidence and increasing the national credit rating.
He noted that the Fund continues to support Morocco through technical and economic advice, contributing to economic stability and accelerating growth, in addition to diversifying economic activities and enhancing integration into the global economy.
Azour also mentioned Morocco’s hosting of the Annual Meetings of the IMF and World Bank, considering the event a significant milestone that solidified the country’s pivotal role in promoting cooperation between Africa and other parts of the world, making it a leading investment destination.
He concluded by stating that Morocco has become a true developmental lever for the African continent in vital sectors such as maritime and air transport, financial services, as well as agriculture and rapidly growing technology.
