Morocco is a leading financial market in the African and the Middle-East and North Africa (MENA) regions, Antoine Sallé de Chou, European Bank for Reconstruction and Development’s (EBRD) Head of Morocco, said on Thursday in Rabat.
Speaking at a seminar jointly held by the EBRD and Morocco’s Ministry of Economy and Finance under the theme “Derivatives market: international trends and development prospects in Morocco”, the EBRD’s official stressed that the Moroccan financial ecosystem stands out for its increasingly growing dynamic stock market, a diverse investors base as well as a relatively liquid debt market.
In this regard, he underscored the importance of the derivatives market to bolster the Moroccan financial market, adding that these products allow investors to better manage market risks, particularly those linked to interest and exchange rates, to optimize investment decisions and to reduce associated risks.
This market also allows banks to manage risks and the Treasury to support the sovereign debt market’s development, Sallé de Chou pointed out, recalling that capital markets development is a priority for the EBRD mission in Morocco.