Youth Day: King Mohammed VI pardons over 590 inmates

King Mohammed VI has pardoned 591 convicts on the occasion of Youth Day celebrated on August 21 in Morocco, said the Ministry of Justice in a statement. The list of the beneficiaries of the royal pardon includes inmates who were granted pardon over their remaining jail terms, convicts who had their prison terms reduced, and […]

Morocco to Set Up Market for Non-Performing Loans to Strengthen Financial Stability

Morocco is planning to set up a market for non-performing loans (NPLs) offering the possibility of buying and selling of unpaid loans beyond set deadline. Banks can sell NPLs to reduce risk, free up capital, and maintain profitability, while investors seek to profit by restructuring or recovering value. Morocco’s Central bank, Bank Al-Maghrib, has been […]

Interior ministry bans political parties from distributing aid during confinement

The Interior ministry has confirmed that his department has prohibited political parties from distributing food aid to the needy during the confinement. The Interior Minister Abdelouafi Laftit, who was speaking to MPs, did not elaborate why his department took such a decision. However, observers see the move as a step to prevent political parties, especially […]