Morocco Determined to Step up Advanced Regionalization Project

King Mohammed VI has voiced determination to step up reforms related to local government and to the implementation of the flagship project of advanced regionalization. This landmark undertaking is “a key institutional achievement. It illustrates my unwavering commitment (…) to seeing a quantum leap in the reform and modernization of our institutions”, said the Moroccan […]

Morocco’s Central Bank forecasts 6.3% drop in Country’s GDP in 2020 & 4.7 % growth in 2021

Morocco’s Gross Domestic Product (GDP) is expected to fall by 6.3 pc this year before recovering quickly and rebounding by 4.7 pc in 2021, said on Tuesday Bank Al Maghrib in a press release issued following its third quarterly meeting. According to the experts of the Kingdom’s central Bank, the Moroccan economy has been affected […]

EU Signs four Financial Guarantees to Unlock Investment in Africa, EU Neighborhood

The European Commission (EU) signed four guarantee agreements worth €216 million that will help unlock €2 billion to be invested in renewables, urban infrastructure and start-ups in Africa and the EU Neighborhood. The guarantees were signed with the European Bank for Reconstruction and Development (EBRD), the European Investment Bank (EIB), the German KfW Group and […]