Amidst escalating geopolitical tensions, the governor of Bank Al-Maghrib, Abdellatif Jouahri, maintains a cautious yet confident stance, asserting that Morocco's economic fundamentals remain strong despite international uncertainties. DR ‹ › Against a backdrop of rising geopolitical tensions, Moroccan economic leaders are adopting a cautious yet measured approach. «We hope this conflict will be resolved in the coming weeks rather than dragging on for months, as its international repercussions could be lasting», said the governor of Bank Al-Maghrib (BAM) during a press conference on Tuesday. Abdellatif Jouahri, addressing the potential impact on the national economy, stressed the need for constant vigilance. He announced the introduction of a rigorous monthly monitoring system. «Every month, we will assess the situation based on precise data. These indicators will enable us to take timely and appropriate decisions». Despite the tense global economic climate, the central bank governor remains relatively confident in the short term, particularly ahead of the next Bank Al-Maghrib council meeting scheduled for June. He noted that Morocco's economic fundamentals remain solid, supported by a prudent monetary policy and the gradual recovery of key sectors such as tourism, agriculture, and exports. Controlled inflation On inflation, Jouahri said projections remain under control. «We do not expect inflation to significantly exceed the forecast level for 2026, which is around 2%, based on an oil price stabilizing at roughly $80», he explained. However, this outlook remains dependent on developments in international energy markets, which are particularly sensitive to tensions in the Middle East. Regarding the direct impact of a conflict involving Iran, the governor struck a reassuring tone: «At this stage, we do not foresee the need to adopt fundamental or structural measures». He nonetheless cautioned that Morocco, as an open economy, remains exposed to external shocks, particularly through energy prices, trade flows, and global financial conditions. Jouahri also reiterated his belief that a diplomatic solution will ultimately prevail, helping to limit the negative effects on both global and regional economies. On the 16th day of the conflict, fuel prices in Morocco have already risen notably, by around 2 dirhams per liter for diesel and 1.44 dirhams for gasoline. For her part, Minister of Economy and Finance Nadia Fettah Alaoui previously stressed that Morocco «has solid foreign exchange reserves, an increasingly green energy mix, and an economy that has proven its resilience. We hope this crisis will be short-lived».
