IMF Official Highlights Morocco’s Economic Resilience Amid Global Uncertainty

Overview and Resilience

Morocco, a key North African economy within the Arab world, shows persistent resilience against global uncertainties, said Taline Koranchelian, Deputy Director in the Middle East and Central Asia Department of the International Monetary Fund (IMF), during remarks in Bangkok on Thursday. She told MAP, on the sidelines of the IMF and World Bank annual meetings held in Bangkok, Thailand, that “Moroccan economy’s growth prospects remain genuinely favorable despite a very uncertain global context.” Koranchelian added that this resilience is supported by the solidity of the Kingdom’s institutions, the investment momentum, and the implementation of cautious policies, which have enabled the country to strengthen its productive capacities and better deal with diverse shocks.

Growth Projections and Drivers

Koranchelian stated that “The economic growth in the first semester of 2026 remains solid, particularly driven by the improvement of agriculture production, the resilience of the services sector, and the continuity of investments in infrastructures.” She also recalled IMF projections indicating that Morocco’s real GDP growth should reach 4.5 percent in 2026 before settling at 4.2 percent in 2027.

Reform Agenda and Medium-Term Outlook

Regarding medium-term prospects, Koranchelian emphasized the necessity of building on the progress made to accelerate human capital development and foster job opportunities, especially for youth. She noted that Moroccan authorities have already initiated many significant reforms while stressing the need to maintain efforts, particularly concerning the reform of the educational system. These reforms are essential for improving the match between available skills and job market needs, reinforcing growth potential, and enabling Morocco’s economy to take full advantage of the progress achieved, she maintained.

International Context of the IMF‑World Bank Meetings

The IMF and World Bank 2026 annual meetings take place in an international context marked by geopolitical tensions, pressure on energy prices, rising public debt, and shifts brought about by the rise of AI.