US Secretary of State regrets his absence at ministerial meeting of Global Coalition against Daesh in Marrakech

The US Secretary of State Antony Blinken has expressed regret at not being able to attend the ministerial meeting of the Global Coalition against Daesh convened this Wednesday, May 11, in Marrakech. This came during a phone call the Secretary of State had Tuesday with Moroccan Foreign Minister Nasser Bourita. According to a statement from […]

COVID-19: Morocco seeking Sputnik, Johnson & Johnson vaccines

Moroccan authorities are seeking to get the Russian Sputnik V vaccine and the US single shot Johnson & Johnson covid-19 vaccine after the Kingdom received 8.5 million doses including 6 million jabs from AstraZeneca and 2.5 million from China’s Sinopharm. The Moroccan scientific advisory panel has given its green light for the Russian and American […]

Morocco’s Central Bank expects economy to shrink -5.2%, cuts rates to release liquidity

Morocco’s central bank cut the key interest rate from 2% to 1.5% to shore up the economy and reduced the reserve requirement for banks to 0% to release more liquidity. The Bank revised downwards its forecasts for 2020 to -5.2%, the lowest rate since 1996, compared with 2.5% in 2019, as the coronavirus impact and […]