Corruption costs Moroccan economy up to 7% of GDP annually – Finance Minister

It is hard to exactly calculate the impact of corruption on the Moroccan economy which Finance Minister Mohamed Benchaaboun said it rips the country of 2 to 7% of GDP annually. Briefing MPs on a law on the national body for integrity and the fight against corruption, the Minister said that a law will be […]

Security, Anti-Terrorism Struggle, Shared Concern for USA, Morocco

Security issues and fight against terrorism were at the center of a phone conversation earlier this week between US President Barack Obama and Morocco’s King Mohammed VI. “The two leaders discussed the importance of continuing to deepen our bilateral cooperation, especially on regional security matters of mutual concern,” said a press release issued by the […]

EBRD provides €50 Mln to two Moroccan banks to support Morocco’s green transition

The European Bank for Reconstruction and Development has approved loans totaling €50 million to two Moroccan banks, namely “Crédit du Maroc” and “Société Générale Maroc” (SGMB), destined to boost Morocco’s green transition. The loan agreements were signed at the EU-Africa Business Forum in Brussels, co-organized by the European Commission, the African Union Commission, and African […]