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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 […]

Morocco to introduce secondary market for non-performing loans

Morocco’s central bank has prepared a draft law that would set up a secondary market in which non-performing loans, currently at 9.8 billion dollars, can be sold, in a move that will boost banks’ liquidity. The news was announced by director general of the central bank, Bank Al Maghrib, Abderrahim Bouazza, who said non-performing loans […]

Paris Olympic Games 2024: Morocco Men’s Football Team Qualify for Quarter Finals

Morocco defeated Iraq 3-0 on Tuesday in Nice to take the lead of their Group and reach the Men’s Olympic Football Tournament quarter-finals. The Moroccan goals were scored by Amir Richardson (19th minute), Soufiane Rahimi (28th minute) and Abdessamad Zellzouli (36th minute). Morocco’s U23 team won their opener against Argentina 2-1 and lost their second […]