The government of Morroco has said that the FATF’s decision on Friday to take them off the “grey list” of nations subject to extra surveillance will strengthen Rabat’s position in negotiations with international financial institutions.
FATF is an intergovernmental financial crime observatory. It sets worldwide money laundering and terrorism funding criteria and assesses country compliance.
Last month, a central bank official said removing the “grey list” of countries subject to increased scrutiny to implement these criteria would help Rabat reclaim a higher investment rating.
Morocco has announced its plan to issue dollar-denominated notes. While permitting BNP Paribas, Citi, Deutsche Bank, and JPMorgan to meet with investors as lead managers and joint bookrunners.
The Prime Minister’s Office announced that this decision “will have a positive impact on sovereign and local bank ratings. And also improve Morocco’s image and position in negotiations with international financial institutions. In addition to increasing the confidence of foreign investors.”
