The Foreign Exchange Office reported a net debt position of 791.5 billion dirhams (MMDH) at the end of December 2022, against -834.5 billion MAD at the end of September 2022, in terms of the global external position, which reflects the asset situation of the Moroccan economy vis-à-vis the rest of the world.
In a press release on the results of foreign trade, the Office explains that this situation results from the decrease in outstanding financial commitments by 32.7 billion dirhams and the increase in outstanding financial assets by 10.3 billion dirhams.
The decline in financial commitments is explained by the declines recorded in the outstanding portfolio investments (-14 billion dirhams), direct investments (-13.6 billion dirhams) and the outstanding amount of the “other investments” component (- 5.2 billion dirhams).
With regard to the increase in the outstanding balance of financial assets, it is mainly due to the increase of 11.7 billion dirhams in the outstanding amount of the “other investments” component and of 2.2 billion dirhams in the outstanding amount of investments. direct losses mitigated by the decline of 3.1 billion dirhams in the stock of reserve assets.