Business-Sukuk

Global Capital Bonds Awards 2021: Morocco Receives Three Prizes

Morocco received three prizes in the “Global Capital Bonds Awards 2021”, the Ministry of Economy & Finance announced on Friday. Morocco was thus ranked as the best issuer of international bonds in Africa; the 2nd best issuer in the category “Emerging Markets”; and the best manager of the international financial market in the African region, […]

Morocco government seeks parliament approval for additional budget funding

The Moroccan government needs to increase its 2024 budget by 14 billion dirhams ($1.4 billion) to meet expenditures linked to subsidizing electricity prices and wage hikes, minister delegate in charge of the budget Fouzi Lekjaa said. In a presentation at the finance committee in parliament, Lekjaa recalled that the government has approved a decree to […]

Morocco’s Court of Auditors Offers Recommendations to Boost Effectiveness of Civil Service

Morocco’s Court of Auditors, led by former PM Driss Jetou, has issued a report drawing a diagnosis of the civil service while offering eleven recommendations to boost its effectiveness. The report was issued after King Mohammed VI gave scathing criticism in the Throne Speech last July of the underperforming civil service drawing a contrast between […]