The IMF has highlighted Morocco’s efforts in reducing its fiscal deficit, emphasizing the need for additional measures to increase tax revenues and rationalize spending. A USD 5 bln credit facility may be considered for renewal in April 2025. The IMF advises that Morocco’s central bank maintain current interest rates despite declining inflationary pressures, aiming for inflation to return to 2% within two years. Morocco’s economy is expected to grow by an average of 3.5% in 2024 and stabilize at 3.9% in 2025.