The prospects for economic recovery in Morocco were on the agenda of a video-conference meeting, held Friday, between officials from the Moroccan Employers’ Association (CGEM) and a delegation of the International Monetary Fund (IMF).

This meeting with the IMF delegation, chaired by Roberto Cardarelli, IMF Mission Chief in Morocco, provided an opportunity to take stock of the Kingdom’s economic situation from the point of view of the private sector.

It was also an occasion to answer IMF questions related to private investment, the business environment, social issues, financing, foreign trade, freight costs and logistics.

During the meeting, the president of the CGEM, Chakib Alj, highlighted the growth of 15.2% of the Moroccan economy in the 2nd quarter of 2021, against -14.2%, with a very satisfactory cereal production of 103 million quintals (Mqx) under the agricultural campaign 2020/2021 (+221%).

Regarding exports, they have experienced an increase of 22.1% between September 2020 and 2021, he recalled, noting that foreign exchange reserves that have reached 313 billion dirhams are sufficient to manage the exit from the crisis.

He stressed that these indicators confirm that the Moroccan economy has shown resilience in the face of the new coronavirus pandemic (Covid-19) thanks to the farsighted vision of His Majesty King Mohammed VI.