Abdellatif Jouahri: "We are more vulnerable than we think" - Jeune Afrique

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Particularities of this health crisis, means of vigilance deployed by Bank Al-Maghrib, economic recovery scenarios, measures taken in favor of the banking sector… In an exclusive interview, the first banker of the kingdom delivers his diagnosis and reveals his strategy.

For 17 years, he has been Wali of Bank Al-Maghrib (BAM), the Moroccan Central Bank, which decides on the monetary policy of the kingdom. For some, he is the "Alan Greenspan Moroccan", in reference to the emblematic former boss of the American Federal Reserve (FED). Abdellatif Jouahri also collects international distinctions. In 2019, he was named for the third consecutive year among the ten best governors of central banks in the world, among 94 international officials screened by experts from New York magazine Global Finance. He was also named as “central banker of the year 2019” in Africa, by the magazine The Banker backed by Financial Times.

The 81-year-old financier saw crises in Morocco and abroad: the launch of the Structural Adjustment Plan (SAP) in the 1980s when he was already Minister of Finance, the banking reforms of the 1990s when he headed BMCE (currently Bank of Africa) and chaired the banking group (GPBM), not to mention the financial crisis of 2008 when he was already in control of Bank Al-Maghrib.

So for this coronavirus crisis, Abdellatif Jouahri has capitalized on all his experience and expertise to preserve this banking system that he has consolidated, while taking the appropriate measures to ensure a recovery. Review.

Jeune Afrique: What makes the coronavirus crisis special in terms of the Moroccan economy?

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