East African central banks are being forced to hike interest rates to contain renewed inflationary pressures emanating from surging shipping and insurance costs due to the disrupted crucial trade routes between Europe, the Middle East, and Asia in the Red Sea. The ongoing Red Sea crisis, involving attacks by the Iran-supported Houthi group based in […]
By 2022, Morocco’s external debt stood at 423.6 billion dirhams ($41.2 bln) representing 31.8% of GDP, half of which was owed to multilateral development banks, according to finance ministry data. The International Bank for Reconstruction and Development, an offshoot of the World Bank, holds the lion’s share in Morocco’s external debt with 93.1 billion dirhams, […]
Morocco constitutes a civilizational model of social coexistence between different cultures and religions, said Tuesday in Rabat, former Spanish Foreign Minister, Miguel Angel Moratinos. “Morocco has always been a nation respectful of the alliance of civilizations, and a land of coexistence between different cultures and religions that have contributed effectively to the country’s richness and […]
