Morocco plans a sovereign bond sale in Q1 2025, with the final timing to be determined by the Treasury. The 2024 current account deficit is expected at 1% of GDP, rising to 2% in 2025 and 2026. Auto exports are projected to exceed 200bln dirhams in 2026, while phosphates exports will reach 100 bln dirhams. Non-agricultural GDP growth is expected to rise to 3.6% in 2025, supported by World Cup-related projects.