Morocco, One of Rare Countries in Africa To Have 22% of GDP in Form of Income, IMF Chief

Rabat – Morocco is one of the rare countries in Africa to have 22% of its gross domestic product (GDP) in the form of income, said, on Thursday in Rabat, Managing director of the International Monetary Fund (IMF) Kristalina Georgieva.

“Morocco is considered to be one of the few countries in Africa to have 22% of its GDP in the form of income, while most countries suffer from financial difficulties,” said Georgieva during a meeting with students from Mohammed V University, Ibn Tofail University and the International University of Rabat (UIR).

Georgieva also noted that the Kingdom is a country that has made good progress thanks to the various reforms undertaken, adding that it can represent a source of inspiration for other countries.

Within the IMF, “we want to be Morocco’s partners and support the reform of the administration and the tax system to ensure that public spending meets the aspirations of Moroccan citizens,” said the Head of the international financial institution, who is on a working visit to Morocco on Feb. 17-20.

Referring to the international economic situation, Georgieva noted that the last year has been the slowest in human history due to constraints related to international trade and uncertainty in investment, noting that global economy is currently experiencing better growth despite climate and geopolitical problems.

She also said that her visit to Morocco is an opportunity to discuss preparations for the annual meetings of the IMF and the World Bank, scheduled for October 2021 in Marrakesh, adding that this event will bring together presidents, parliamentarians, finance ministers as well as representatives of civil society.

Source: Agency Morocaine De Presse