Fitch rates Morocco “BB+” with stable outlook

Fitch Ratings agency has affirmed Morocco’s Long-Term Foreign-Currency Issuer Default Rating (IDR) at ‘BB+’ with a Stable Outlook due to favorable debt composition, reasonably comfortable external liquidity buffers and a record of macroeconomic stability. In 2021, Morocco’s GDP growth rebounded to 7.4%, after contracting by 6.4% in 2020. “We forecast growth to decelerate to 1.1% […]

Morocco Action Climate Plan Gets $200 Mln Boost from Asian Infrastructure Investment Bank

The Asian Infrastructure Investment Bank (AIIB) has agreed to support Morocco’s action climate plan with a $200 million funding to help the Kingdom implement the updated Nationally Determined Contribution (NDC 3.0). This third generation of climate action plans under the Paris Agreement targets 2035 by raising significantly ambition to align with the 1.5°C goal, covering sectors […]

Morocco: Forbidden Stories derided again because of alleged “revelations” on Soulaliyate lands

Forbidden Stories, in collusion with the Bertha Foundation, a pro-polisario entity, is trying to attack Morocco once again with unfounded and meaningless revelations. The tandem has just published an investigation in what it called spoliation of Soulaliyates’ land in Morocco to the detriment of the interests of vulnerable owners, and claims to have new elements […]