IMF urges Morocco to target inflation, broaden tax base to reduce national debt

The International Monetary Fund (IMF) has urged Morocco to implement an inflation-targeting framework through its central bank and broaden its tax base to support financial reforms and reduce national debt. Inflation in Morocco decreased to 0.9% in 2024, down from 6.1% the previous year, attributed to lower import prices and stable food markets. The IMF also recommended that the Moroccan government expands its tax efforts and cuts funding to state-owned enterprises to aid in fiscal deficit reduction and accelerate debt repayment.