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Rabat - Morocco’s external debt rose by 18.3% to stand at 277.7 billion dirhams in 2014 compared to 234.7 billion dirhams in 2013, Economy and Finance Ministry said.
With this increase, external debt equaled 30.3% of GDP in 2014 against 26.9% in 2013, the same source said.
The same source noted a 31.8 billion dirham increase in external debt of public institutions and enterprises and an 11.2 billion hike in treasury debt.
The treasury accounted for 50.8% of the total external public debt followed by public institutions with 48.9% while the share of banks and local collectivizes was limited at 0.3%.
The post Morocco’s External Debt Rises to MAD 277 Billion in 2014 appeared first on Morocco World News.
