Morocco’s Central Bank Governor Discusses Upcoming Economic Decisions

In his recent statements, the Governor of Bank Al-Maghrib revealed that the upcoming period will witness decisive and impactful decisions for the national economy, starting from January 20. He explained that these decisions represent a crucial turning point in the path of the Moroccan economy, noting that their outcomes will affect various sectors, both directly and indirectly, with potential positive or negative consequences.

He also emphasized that this period requires a careful and objective evaluation of the forthcoming decisions, avoiding both excessive optimism and undue pessimism.

Regarding the current situation, the Governor stressed the need for a comprehensive and balanced analysis of all economic and social data that influence the broader landscape. He stated that it would be premature to make any anticipatory decisions before the results of these measures become clear. He further added that an objective analysis of these decisions necessitates monitoring all potential repercussions that may unfold over time.

The Governor also mentioned that recent reports issued by various international bodies reflect a noticeable improvement in Morocco’s economic performance, which is seen as a positive indicator to build upon. He affirmed that the country’s political and economic stability is a key factor in ensuring the success of these decisions and guiding the economy toward further progress.

On the international front, the Governor highlighted Morocco’s growing confidence among its global partners, as reflected in remarks from the new U.S. ambassador, who expressed appreciation for Morocco’s economic policies. He confirmed that this confidence contributes to strengthening Morocco’s position as a significant economic player in the region and aids in attracting more foreign investments.

In conclusion, the Governor of Bank Al-Maghrib stated that it is too early to make a final judgment on the impacts of the upcoming decisions, urging patience until the results of these measures become clear. He added that the central bank will work on evaluating the situation after the decisions are implemented, preparing a comprehensive report that will help shape the economic future of the Kingdom.

source : fesnews media

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