Morocco:Central Bank Transparency Code Review

Morocco: Central Bank Transparency Code Review
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Volume/Issue: Volume 2022 Issue 380
Publication date: December 2022
ISBN: 9798400227691
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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.