Hafid-Elalamy

Morocco’s central bank keeps key borrowing rate unchanged at 3%, sees growth at 3.2% in 2024

Morocco’s central bank kept its key rate unchanged at 3% in a context of easing inflation and improved growth rate. Inflation is seen dropping to 6.1% this year and 2.4% next year. In 2022, drought and imported inflation propelled inflation to 6.6%. Morocco’s central bank has decided to keep its key interest rate unchanged at […]

African govts in fiscal bind amid high interest rates and debt squeeze

With the interest rates likely to stay high in 2024, governments across Africa are presented with a unique challenge and dilemma as they struggle to pay off rising levels of accumulated debt at the same time as they are being urged by the International Monetary Fund (IMF) to cut costly fuel subsidies and raise more […]

Spain-Morocco relationship is very solid, says FM Albares

Spanish Minister of Foreign Affairs José Manuel Albares reaffirmed that his country has a “very solid relationship” with Morocco. “We have a very solid relationship with Morocco that benefits Spain,” said the head of Spanish diplomacy Thursday at a press briefing in Seville with his Portuguese counterpart, Joao Cravinho. The dynamic that is developing with […]