World Bank tops Morocco’s lenders list

Afaf Fahchouch
Afaf Fahchouch
1 Min Read

The International Bank for Reconstruction and Development, a member of the world bank group, ranked first among Morocco’s lenders with about 77.6 billion dirhams, then the African Development Bank ranked second with a value of more than 44 billion dirhams.

Morocco’s public external debt reached 379 billion dirhams at the end of the last year 2021, recording an increase of 2.5 billion dirhams compared to 2020, According to official data from the Ministry of Economy and Finance

The public external debt includes the Treasury’s external debt and the secured and unsecured external debt of public institutions and enterprises, territorial collectivities and public financial institutions, as well as external debt guaranteed by the state for institutions of public interest.

The Ministry of Economy and Finance stated that this development came after the recovery of economic activities in 2021, in the wake of the national economic slowdown due to the pandemic.

Furthermore, France remains the first country to lend to Morocco with 32.9 billion dirhams, then Germany with of a debt of 19 billion dirhams, Japan with 11.8 billion dirhams, and then Saudi Arabia with 6 billion dirhams.

Afaf Al Fahchouch

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