Minister of Economy: The Financial System Must Keep Up with Morocco’s Rapid Transformation
The Minister of Economy and Finance, Nadia Fettah, asserted that the financial sector, particularly collective investment management, is at the heart of Morocco’s swift, profound, and sustainable transformation.
Speaking yesterday at the opening of the 25th Conference of the Moroccan Investment and Management Companies Association, themed “Horizon 2030: Mobilizing National Savings to Fund Major Future Projects,” and delivered by Mohamed Tariq Bashir, Director of the Treasury and External Finance, she stated, “Morocco is advancing rapidly, and the financial system must keep pace with this rhythm with the same level of ambition,” noting that “collective management is now capable of accelerating growth, expanding its base, and enhancing its inclusivity.”
She added that opening access to capital and diverse products could enable collective management to be a direct contributor to reducing economic inequalities and accelerating the establishment of a Morocco capable of progressing steadily.
The minister highlighted that “the goal is to transform our savings potential into a strong engine for accelerating growth and realizing our national ambitions that will shape the contours of Morocco in 2030 and 2040.” She emphasized that this goal aligns perfectly with the enlightened vision of King Mohammed VI, who has consistently called for the mobilization of all active forces in the country to build a more sustainable and inclusive development model.
Fettah reaffirmed that Morocco has entered a broad investment cycle that requires financial players capable of supporting the economy with more diverse products, sophisticated strategies, and a long-term vision.
She explained that “with over 790 billion dirhams in assets under management, collective investment has become a cornerstone in the Moroccan financial market, acting as a key player that transforms savings into projects and projects into growth.”
In this regard, the minister noted that the adoption of Law 03-25, aimed at reforming the regulatory framework for collective investment organizations, represents a significant turning point that deeply reshapes the sector’s architecture, framing it as a “new generation” framework designed for continuously expanding markets and rapidly changing investor needs.
She continued that this reform significantly expands the range of financial products, enhances risk management, aligns Morocco with the highest international standards, improves transparency and protects savers, and opens avenues for further innovation, diversity, and flexibility.
For his part, the Director-General of the Deposit and Management Fund, Khalid Safir, confirmed that Morocco is steadily moving along the path of solidifying its new development model based on investment, social cohesion, and sustainability, a dynamic reinforced by the prospects of hosting the World Cup in 2030.
He noted that “financing this national aspiration relies on greater mobilization of savings,” stressing that savings fundamentally constitute a source of sovereignty and a crucial element to reduce dependence on external capital.
In this regard, he highlighted the role of the Deposit and Management Fund in “collecting, securing, and transforming organized, stable, and long-term savings into sustainable and profitable investments,” affirming that the fund operates as a “catalyst and investor in the service of the transformation of the national economy.”
Safir also addressed the diversification challenge, emphasizing that “about 80 percent of the funds raised are still invested in treasury bonds,” calling for strengthening the role of capital markets alongside bank credit and encouraging the development of new financial instruments to attract more high-quality projects.
It is worth noting that this session of the Moroccan Investment and Management Companies Association’s conference examined financial tools and strategies capable of effectively directing national savings towards funding the structured projects of tomorrow’s Morocco.
This event, which brought together various public and private stakeholders, financial institutions, and experts, served as a unique platform for discussion and exchange of insights regarding the future of the asset management sector in Morocco.
