The IMF approved $496 million for Morocco, increasing total disbursements to $1.24 billion. The Moroccan economy shows resilience despite drought, with expected growth acceleration due to investments and reforms. Challenges remain, including unemployment, while infrastructure projects for the 2030 World Cup may bolster economic activity.
The International Monetary Fund (IMF) has approved the disbursement of $496 million for Morocco under the Resilience and Sustainability Facility. This recent tranche brings the total funding to approximately $1.24 billion, indicating the resilience of the Moroccan economy amidst ongoing drought conditions. The IMF foresees that Morocco’s economic growth will gain momentum over the medium term due to enhanced investments and necessary structural reforms.
In conclusion, the IMF’s support underscores Morocco’s economic resilience and the effectiveness of its policy frameworks. The anticipated acceleration in GDP growth, driven by infrastructure projects for the 2030 World Cup and climate protection measures, reflects a positive outlook despite existing challenges such as unemployment and agricultural output fluctuations.
Original Source: www.moroccoworldnews.com
