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UNECA: Morocco, driver of Africa’s economic integration

Morocco, with its strong tax policies and investment in strategic infrastructures, can help to drive and speed up economic integration in Africa, according to the United Nations Economic Commission for Africa In a tweet posted following the meeting held Monday in Addis Ababa between ECA Executive Secretary Claver Gatete and Morocco’s Industry & Trade Minister […]

Morocco obtains IMF flexible credit line worth $4.5 bln

The IMF has approved a flexible credit line worth $4.5 billion to help Morocco cushion against external shocks. The two-year arrangement will be treated by Moroccan authorities as precautionary, the IMF said in a statement. “The Moroccan economy has shown a sustained track record of implementing very strong policies and remarkable resilience to recent shocks, […]

Morocco’s subsidies spending spikes to $1 bln so far this year

Morocco’s spending on cooking gas, sugar and flour subsidies hit 10 billion dirhams ($1 bln) so far this year, compared with 3.8 billion dirhams the same period last year, official figures showed.   This 170% increase is mainly due to the simultaneous post-covid recovery which created high demand on commodities, worsened by an offer shortage […]