Bank Al-Maghrib and HCP partner to strengthen national statistical system

Morocco’s central bank,Bank Al-Maghrib (BAM),and the High Commission for Planning (HCP) signed a strategic partnership agreement on June 17 aimed at enhancing cooperation in statistical production,data exchange,and economic analysis to meet international standards.

The convention establishes a framework for producing more relevant,higher-quality data to support informed decision-making and effectively guide Morocco’s economic and social policies,according to a joint statement from both institutions.

Through this partnership,the institutions commit to implementing a secure,automated data exchange system while sharing mutual expertise and harmonizing statistical frameworks. Special attention will be given to capacity building and skills enhancement across both institutions.

The agreement represents a significant step toward integrating Morocco’s statistical infrastructure,addressing longstanding needs for coordinated data collection and analysis between the central bank and the national planning authority. This collaboration aims to eliminate duplication of efforts while ensuring consistency in economic indicators and forecasts.

BAM Governor Abdellatif Jouahri and High Commissioner for Planning Chakib Benmoussa reaffirmed their commitment to elevating Morocco’s national statistical system to meet the highest international standards. The partnership reflects growing recognition that reliable,timely economic data is essential for both public and private sector decision-makers.

The initiative aligns with broader government efforts to modernize Morocco’s data infrastructure and improve transparency in economic reporting. By pooling resources and expertise,both institutions aim to provide policymakers with comprehensive insights needed for evidence-based economic planning.

This cooperation is expected to enhance Morocco’s credibility in international financial markets while supporting domestic policy formulation. The automated data exchange system will enable real-time sharing of critical economic indicators,improving the speed and accuracy of economic analysis and forecasting capabilities.