Financial Sector: Mutual Funds as a Driver of Economic Transformation in Morocco
Nadia Fettah, the Minister of Economy and Finance, emphasized during the 25th annual conference of the Moroccan Association of Management Companies and Investment Funds (ASFIM) held in Rabat under the theme “Centenary 2030: Mobilizing National Savings to Finance Major Future Projects,” that mutual funds have become a fundamental pillar in the rapid and sustainable transformation of the Moroccan economy.
With the collective assets surpassing 790 billion dirhams, these funds are now recognized as a central player in the financial market, capable of transforming savings into tangible projects and supporting sustainable and inclusive growth. The minister stated that this mechanism represents a strategic tool for reducing economic disparities and building a more just and competitive Morocco in the medium and long term, in line with the vision of His Majesty King Mohammed VI.
The conference highlighted that the adoption of the new law 03-25 marks a pivotal stage for the sector by modernizing the regulatory framework for investment funds, expanding the range of products, enhancing risk management, and improving transparency to align with the best international standards.
For his part, Khalid Sfiri, Director General of the Deposit and Management Fund, underscored the importance of mobilizing more national savings to support the kingdom’s new growth based on investment, social cohesion, and sustainability. He stressed the central role of the fund in converting organized savings into sustainable investments, calling for greater diversification of financial resources at a time when around 80% of invested funds remain confined to treasury bonds.
The 25th ASFIM conference gathered key public and private stakeholders around a shared goal: to transform national savings into a crucial engine for financing the major projects that will shape Morocco’s future.
