Morocco:Central Bank Transparency Code Review

Author: International Monetary Fund. Monetary and Capital Markets Department

Morocco: Central Bank Transparency Code Review

Volume/Issue: Volume 2022 Issue 380

Publication date: December 2022

ISBN: 9798400227691

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Topics covered in this book

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Banks and Banking , Finance , Money and Monetary Policy , Public Finance , International - Economics , IMF central bank transparency code , IMF mission , bank-Al Maghrib , staff team of the International Monetary Fund , production assistance , Exchange rate arrangements , Exchange rate policy , Financial sector stability , Revenue administration transparency and accountability , Maghreb , Global

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Summary

The Bank Al-Maghrib (BAM) has implemented expanded and comprehensive transparency practices in a number of areas, notably related to the primary mandate of price stability and the shared mandate of financial stability. This reflects the BAM’s public commitment to transparency anchored in the new 2019 BAM Law and articulated as a strategic orientation under the quinquennial plan for 2019-2023. This level of transparency enabled the BAM to gain the noteworthy trust of the stakeholders met by the mission and to safeguard its autonomy.