Title: Morocco’s Financial Regulations: Navigating Economic Uncertainties and Embracing Innovation

Last Updated: October 12, 2023

Global economic crisis, exacerbated by the war in Ukraine and prolonged by COVID-19
Morocco’s economy faces headwinds due to raw material price increases, supply challenges, and severe droughts
Government measures to ease the burden: raising state-backed financing initiative guarantee ceiling and offering debt rescheduling operations to companies
Morocco secured a two-year agreement with the IMF under the Flexible Credit Line for additional insurance and stronger external reserves

Attractive space for investors: banking and financial sector, commodities, infrastructure, food and beverage manufacturing, industrials
Diverse mix of state-owned and private institutions, foreign players, and alternative credit providers
Regulatory oversight by BAM and AMMC, contributing to reliability of financials
Emergence of alternative credit providers, presenting competition to banks and opportunities for investors

AMMC facilitates company financing and innovation: introducing qualified investor status for subsidiaries and issuing guidelines for financial investment advisers
Support for Sharia-compliant finance and fintech development
- Expanding offering of financial instruments
- Establishing a legal framework for crypto-assets

Addressing ESG concerns: government and financial regulators like AMMC and BAM
Focus on sustainability: renewable energy and alignment with global efforts towards a greener future

Morocco’s financial regulations continue to evolve, focusing on both crisis mitigation and innovation, making it an exciting market to watch.