The Moroccan government, during its weekly meeting in Rabat, has adopted three significant decree drafts. These drafts aim to delegate authority to the Minister of Economy, Finance, and Public Performance regarding domestic borrowing, external financing, and contract conclusion. The decrees, as explained by government spokesperson Samir Belfkih, are designed to streamline financial management and improve the country's ability to secure necessary funding.
The first decree, N° 2.26.806, delegates power to the Minister of Economy, Finance, and Public Performance for domestic borrowing and the use of other financial instruments. The second, N° 2.26.807, concerns external financing. The third decree, N° 2.26.808, allows the minister to conclude contracts and secure loans for debt repayment and risk coverage related to interest and exchange rates. These measures are part of the government's strategy to enhance financial flexibility.
According to Belfkih, these decrees were adopted in accordance with the Finance Law 50.25 for the fiscal year 2026. The goal is to delegate authority from the Head of Government to the Minister of Economy, Finance, and Public Performance. This delegation is effective from the publication date of the decrees in the Official Bulletin until December 31, 2026. The aim is to enable the executive to take necessary measures for mobilizing financial resources.
The measures are primarily focused on improving borrowing conditions, controlling debt service costs, and mitigating risks associated with interest rate and exchange rate volatility. By adopting these decrees, the government seeks to ensure the coverage of Treasury charges and secure necessary financing. This move is expected to enhance the management of public finances.
The decrees are part of a broader strategy to optimize financial management and ensure the sustainability of public finances. By delegating these powers, the government aims to respond effectively to financial challenges and maintain economic stability. The Minister of Economy, Finance, and Public Performance will play a crucial role in implementing these measures.
The adoption of these decrees reflects the government's commitment to proactive financial management. The measures are designed to be flexible and responsive to changing financial conditions. This approach is expected to contribute to Morocco's economic resilience and stability. The government's efforts to enhance financial management have been ongoing.
The implementation of these decrees will be closely monitored, and their impact on the country's financial situation will be assessed. The government's strategy aims to achieve sustainable economic growth and maintain financial stability. The delegation of financial powers is a key component of this strategy, enabling swift and effective decision-making in financial matters.
Key points
- The Moroccan government has adopted three decree drafts to delegate financial powers to the Minister of Economy, Finance, and Public Performance.
- The decrees aim to enhance financial flexibility and improve borrowing conditions.
- The measures are part of the government's strategy to ensure the coverage of Treasury charges and secure necessary financing.
