Bank Al-Maghrib: Fulfilling our Maya Declaration Commitments
Did you know that Morocco’s banking rate went up by 70 percent in 2016 after staying dormant at 25 percent in the last 10 years?
Financial inclusion is instituted as a strong commitment of Bank Al-Maghrib since 2007, making it a key objective and one of the main vehicles of a global strategy for the financial sector development by 2020. The Bank Al-Maghrib achieved its financial inclusion goals by partnering with public and private stakeholders, and strengthening financial education and consumer protection. The bank also conducted national survey about the perception of financial services and used indicators to address access and usage. Once this was achieved, the Bank Al-Maghrib set new targets for SMEs, reducing the gender gap.
From collaborative partnerships to financial indicators, learn more about the Central Bank’s key achievements within the Maya Declaration Framework. Read the full-length blog in English and French authored by His Excellency Governor Abdellatif Jouahri of Bank Al-Maghrib.