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Morocco to abandon international bond issue in 2022

Morocco may no longer issue an international bond as was planned earlier this year amid deep uncertainty and market volatility, finance minister Nadia Fettah Alaoui said. The government expects its financing needs to grow to 60 billion dirhams ($5.5 bln) next year compared with some 45 billion dirhams this year. “We will try to strike […]

Bouteflika’s Fifth Term Risks Worsening Algeria’s Political Crisis- Financial Times

The UK’s Financial Times drew bleak prospects for Algeria whose ailing President Abdelaziz Bouteflika prepares for a fifth term that risks prolonging Algeria’s economic and political crisis. Maintaining Bouteflika, who has been ruling Algeria since 1999, as President “ threatens to prolong the political paralysis in a country facing the monumental challenge of transforming its […]

Morocco-2021 Elections: US Embassy congratulates Morocco

The United States Embassy in Rabat has congratulated Morocco on successfully holding the general elections this Wednesday sept. 8. This came in a tweet posted on the embassy’s website page this evening. “The United States Embassy congratulates the Kingdom of Morocco on successfully holding general elections today,” tweeted the embassy. “Our shared commitment to democratic […]