Morocco has one of the “most stable” financial sectors in Africa

Morocco has one of the most stable financial sectors in Africa, with a regulatory framework that meets international standards, said the regional representative for the Maghreb of the International Finance Corporation (IFC), David Tinel. “The strong macroeconomic fundamentals have helped overcome previous liquidity shortages,” Tinel noted, on the occasion of the Africa Financial Summit (AFIS-2024) to be held on December 9 and 10 in Casablanca. He noted that the banking landscape is competitive, with its 24 banks, including five with majority foreign capital and five participatory banks, institutions that comply with Sharia law… More