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Morocco Treasury Forecasts 9‑10 Billion Dirhams Funding Need for May 2026
The Moroccan Directorate of Treasury and External Finance (DTFE) announced that the Treasury’s expected cash requirement for May 2026 will lie between 9 and 10 billion dirhams. This marks a steep jump from April’s 2.5‑3 billion‑dirham forecast and signals a higher supply of government securities in the short‑term market.
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Moroccan Treasury Announces May 2026 Funding Requirement
The Directorate of Treasury and External Finance (DTFE) has disclosed that the Treasury's projected cash need for May 2026 will range between 9 and 10 billion Moroccan dirhams (MMDH).
This requirement will be covered through the upcoming auction of Treasury securities scheduled for May. The announcement follows a sharp increase from April, when the Treasury's forecasted need was between 2.5 and 3 billion dirhams.
Investors are advised to monitor the market, as the larger issuance could influence yields on short‑term government instruments.
Related releases:
- April 2026: projected need of 2.5‑3 billion dirhams.
- March 2026: forecasted need of 11.5‑12 billion dirhams.
- February 2026: Treasury raised 4.5 billion dirhams in the bond market.