IMF Highlights Strong 2026 Growth Outlook for Morocco Amid Fiscal Gains and Investment Surge

The International Monetary Fund’s Article IV team visited Morocco from 29 January to 11 February 2026 and concluded that the country's economy is on track to maintain a 4.9 % growth rate next year. The outlook rests on a strong agricultural harvest, continued public‑private investment and a modest rise in inflation that should stay near the central bank’s target. Fiscally, tax collection rose to 24.6 % of GDP and the central‑government deficit narrowed to 3.5 % of GDP, allowing room for further investment in health, education and social protection. The IMF urges Morocco to preserve part of this fiscal surplus, deepen public‑sector reforms and accelerate labour‑market measures to create sustainable jobs.

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