Morocco’s Central Bank, Bank Al Maghrib, kept its benchmark interest rate unchanged at 2.25% following its board meeting on Tuesday, December 19. The Bank said inflation was expected to reach 0.7 % on average at year end, down from 1.6 percent in 2016. The bank also revised down economic growth to 4.1% this year from […]
The Council of European Union has approved the opening of negotiations with Morocco on a new fisheries partnership agreement. The current, 4-year accord sealed with the North African Kingdom, will expire on 14 July 2018. An independent European evaluation study underlines the positive impact of the current protocol in terms of sustainable fishing and its […]
Morocco’s wheat imports are expected to grow to 7.5 million tons due to an adverse impact of rain deficit on domestic harvest, making the country the sixth largest importer globally, FAO reported. Morocco’s wheat imports were only exceeded by Egypt followed by Indonesia, Turkey, China and Algeria, the FAO said in its Food Outlook report […]
