Morocco’s trade deficit shrinks by 14.6% in first quarter 2024

Morocco’s trade deficit dropped to 61.9 billlion dirhams, down 14.6%, thanks to higher exports and lower imports, the foreign exchange office said. Morocco’s automotive sector topped exports with 38.8 billion dirhams, up 13%, offsetting a 2.3% drop in phosphates exports at 17.6 billion dirhams. Morocco’s energy imports dropped in value by 13.6% to 28 billion […]

Pseudo-SADR suffers another setback in Latin America

The pseudo-Sahrawi Republic (SADR) suffers another setback in Latin America with El Salvador announcing it is reconsidering its recognition of the SADR, self-proclaimed by the Algeria-backed Polisario. El Salvador, which has been supporting Polisario’s “independence” claims since 1989 when it recognized the pseudo-SADR, issued a statement through its foreign affairs ministry, emphasizing that new President […]

Morocco’s post-Covid 19 stimulus package presented at IMF-WB Annual Meetings

Moroccan Minister of Economy and Finance Mohamed Benchaâboun highlighted the priorities of Morocco’s economic recovery plan at a virtual conference held Wednesday as part of the Annual Meetings of the International Monetary Fund (IMF) and the World Bank (WB). To help its economy recover from the covid-19 crisis, Morocco adopted a stimulus plan focused on […]