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IMF Confirms Morocco Qualification for PLL

The Executive Board of the International Monetary Fund (IMF) has completed its 3rd and last review of Morocco’s economic performance under a program supported by a two-year Precautionary and Liquidity Line (PLL) arrangement, and reaffirmed Morocco’s continued qualification to access PLL resources. The current two-year PLL arrangement in an amount equivalent to SDR 3.2351 billion […]

OCP plans international bond worth up to $2 bln to fund development plan

Morocco’s phosphates and fertilizers giant, OCP, plans a bond issue ranging between $1.5 billion and $2 billion as it launched major investments in renewable energies, desalination, green hydrogen, and ammonia. The news, relayed by Medias24 and major news agencies, marks the first bond by OCP since it announced an ambitious growth strategy of about $12 […]

New Mohammed VI Football Complex inaugurated in Salé

King Mohammed VI inaugurated Monday in Salé the refurbished National Maâmoura Football Center and re-baptized it “the Mohammed VI Football Complex”. The complex, designed as an integrated structure dedicated to develop a high-level football practice, reflects the Monarch’s constant solicitude towards sports and youths and his desire to secure to professional football players all the […]