The IMF's Board of Directors conducted a comprehensive evaluation of Morocco’s economy for 2024, revealing a decidedly positive picture of the Kingdom's economic resilience in the face of significant challenges. In this context, it emphasized the country’s exceptional capacity to maintain its growth trajectory and effectively manage its economic vulnerabilities despite adversities such as extreme weather conditions, natural disasters, and global economic disruptions. The Moroccan economy sustained a 3% economic growth in 2023, a performance attributed to robust exports and domestic demand recovery. The IMF projected a gradual acceleration of GDP growth to 3.5% in the coming years, supported by the continued implementation of structural reforms, particularly in the health and education sectors.

Regarding Macroeconomic Stability and Reform Progress, the IMF highlighted Morocco’s decreased rate of inflation in 2023, justifying the decision to suspend interest rate tightening. Additionally, it noted that price stability within the country was accompanied by improvements in the current account deficit and the central government budget deficit.