Reported 5 months ago
Morocco is considering issuing its first international bond in over a year in 2024 as part of efforts to recover its investment grade and reduce the budget deficit. The Finance and Economy Minister, Nadia Fettah Alaoui, mentioned that while the kingdom's public finances are improving, they are still monitoring international markets for the best timing of the bond issuance. Morocco's credit quality has been strengthening, with the spread on the government's dollar debt decreasing significantly. The country is focusing on redirecting subsidies to vulnerable households and implementing measures to control inflation, including trimming subsidies for cooking gas.
Source: YAHOO