It is to recall that as part of its
proactive response to the Covid-19 pandemic crisis, Morocco carried out on
April 7, 2020 a drawing on the Precautionary and Liquidity Line for an amount
equivalent to nearly US $ 3 billion, repayable over 5 years, with a 3-year
Now, and after
the exceptional mobilization effort of the Treasury, with in particular two
issues on the international financial market, the outstanding AOR (Official
Reserve Assets) of Morocco has reached a comfortable level which allows it to
cover more than seven month of its imports of goods and services, a situation
which should be maintained in the medium term.
will help relieve Morocco's future financial commitments while reducing the
costs thanks, in particular, to the very favorable terms of the latest
international Treasury issue. This operation will also strengthen the trust of
investors and markets in our economy.
was unanimously praised by the IMF Executive Board during its December 18
meeting dedicated to reviewing the report on the Article IV Mission with