صحافة بلادي صحيفة إلكترونية مغاربية متجددة على مدار الساعة تعنى بشؤون المغرب الجزائر ليبيا موريتانيا تونس
Tetouan –His Majesty King Mohammed VI, accompanied by His Royal Highness Crown Prince Moulay El Hassan, received, on Monday at the Royal Palace in Tetouan, the Governor of the Bank of Morocco, Abdellatif Jouahri, who presented to His Majesty the annual report of the Central Bank on the economic, monetary and financial situation of the Kingdom for the year 2025.
Al-Jawahiri explained, during his presentation before His Majesty the King, that the national economy continued to achieve positive results during the year 2025 despite the continued uncertainty in the global economy, as it recorded a growth rate of 4.9% supported by an increase in investment, while the inflation rate stabilized at 0.8%, which is among the lowest levels recorded in recent years.
The Governor of the Bank of Morocco indicated that the Central Bank continued to adopt an accommodative monetary policy, by reducing the main interest rate to 2.25%, while providing the necessary liquidity to the banking sector, and strengthening financing mechanisms for small and medium enterprises to support economic activity.
With regard to the labor market, the report confirmed that economic growth contributed to the creation of new jobs, but that was not enough to significantly reduce the unemployment rate, which stabilized at 13%.
At the public finance level, the budget deficit recorded a decline to 3.5% of the gross internal product, benefiting from the improvement in fiscal revenues and the adoption of innovative financing mechanisms, while the current account deficit remained limited thanks to the rise in tourism income and remittances from Moroccans residing abroad, in addition to the strong performance of exports of phosphate and its derivatives and the aviation industry.
The report also revealed that the Bank of Morocco’s hard currency reserves increased to 443 billion dirhams, covering about five and a half months of imports, which enhances the strength of the Kingdom’s financial indicators.
Despite these results, Al-Jawahiri stressed that achieving the goal of Morocco joining the ranks of emerging countries requires continuing structural reforms, strengthening the role of the private sector, and improving investment returns, in addition to developing the education and training systems to keep pace with the requirements of the labor market.
He also stressed that reducing social and spatial disparities remains one of the most prominent challenges, recalling the royal directives contained in the 2025 Throne Speech, which affirmed that “no place today nor tomorrow will move at two speeds in Morocco,” calling for better targeting of social support programs for the benefit of the most vulnerable groups.
The Governor of the Bank of Morocco also highlighted the importance of accelerating the creation of a strategic stock of basic materials, accelerating the energy transition, improving the governance of water resources, and continuing to implement advanced regionalization workshops, as they are strategic workshops to promote sustainable development and reduce disparities between regions.
The meeting concluded with Abdellatif Al-Jawahiri presenting to His Majesty the King the annual report of the Bank of Morocco for the year 2025, along with a commemorative coin of pure gold issued by the bank to commemorate the first anniversary of Unity Day.
Source:“My press”
