Agadir \u2013 Morocco\u2019s financial system continued to demonstrate resilience in 2025 despite persistent global uncertainties, according to the Systemic Risk Coordination and Monitoring Committee (CCSRS).<\/p>\n
In a statement following its twenty-third meeting, released<\/a> by Bank Al-Maghrib (BAM), the committee said the country\u2019s financial sector remains supported by a strong economy and solid financial safeguards.\u00a0<\/p>\n \u201cThe Moroccan financial system continues to demonstrate resilience, supported by strong fundamentals and generally comfortable prudential buffers,\u201d the committee said in a statement.<\/p>\n The committee noted that Morocco\u2019s economy benefited from favorable weather conditions and strong non-agricultural activity in 2025, with economic growth accelerating to 4.9%, up from 4.4% in 2024.\u00a0<\/p>\n According to BAM\u2019s projections, growth is expected to reach 5.2% in 2026 before easing to 3.1% in 2027, assuming an average cereal harvest.<\/p>\n Inflation remained low at 0.8% in 2025 and is projected<\/a> to rise gradually to 1.5% in 2026 and 2.1% in 2027, while the current account deficit is expected to widen temporarily before narrowing again in 2027.<\/p>\n The committee also pointed to continued fiscal consolidation, noting that the budget deficit narrowed to 3.5% of GDP in 2025 and is expected to stabilize at 3.4% over the next two years. Meanwhile, Morocco\u2019s Treasury debt ratio is projected to decline gradually to 65.1% of GDP by 2027.<\/p>\n