Morocco’s financial sector expands 10 percent amid global headwinds

Moroccan Financial System Weathering Global Storms, Boasts 10% Expansion

Resilience Amid Uncertainty: Despite ongoing global economic instability and domestic climate challenges, Morocco's financial system demonstrated remarkable strength in 2024. This is according to the 12th edition of the annual Financial Stability Report, a collaborative effort by Bank Al-Maghrib, the Insurance and Social Welfare Supervisory Authority, and the Moroccan Capital Markets Authority.

Growth Against the Tide: The report highlights that the financial sector expanded by 10% in 2024, a significant achievement considering the turbulent global economic landscape.

"The financial system continued to demonstrate resilience," stated a report spokesperson. "Structural foundations have been strengthened, allowing for continued growth despite ongoing challenges."

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