The recovery of tourism in the Marrakech region has been swift and is expected to further strengthen after the conclusion of the 2023 Annual Meetings of the World Bank Group (WB) and the International Monetary Fund (IMF), indicated Jouahri during a panel discussion hosted by IMF Managing Director Kristalina Georgieva on the occasion of the launch of "Morocco's Quest for Stronger and Inclusive Growth," the IMF’s latest publication.

In this regard, he commended the promptness of the measures taken in line with the High Directions of HM King Mohammed VI. This includes the rehousing and reconstruction plan implemented, the assistance provided to victims, and the well-managed phased approach to addressing the earthquake's effects.

Regarding the assessment of the earthquake's cost, BAM’s governor affirmed that an evaluation unit had been established and was closely collaborating with the IMF on this matter. He noted that in terms of macroeconomic balances, Morocco had significant room for maneuver.

Referring to the reforms initiated by the Kingdom since the 1980s, he recalled the structural adjustment program, debt rescheduling, as well as reforms related to the exchange rate regime, price liberalization, and taxation.

Jouahri also emphasized that Morocco had also subscribed to IMF Article 8 regarding the convertibility of banking operations and had not defaulted on any debt maturities.

"We have succeeded, under the enlightened leadership of HM King Mohammed VI, in effectively implementing structural reforms and maintaining our engagement with international institutions," which enabled us to secure the Precautionary and Liquidity Line (PLL) in 2012 and the Flexible Credit Line (FCL) in 2023, he concluded.