The water stress faced by Morocco requires the adoption of complementary policies such as those recommended in the New Development Model (NMD), the World Bank Director of Operations for the Maghreb and Malta, Jesko Hentschel, said Wednesday. “Recent events have shown that technical solutions are no longer sufficient to protect the economy against climate shocks […]
Credit fundamentals of major Moroccan banks are recovering slowly from the negative impacts generated by the covid-19 pandemic, says Fitch Ratings. The global health crisis caused a 6.3 pc Moroccan GDP contraction in 2020, the worst contraction in 25 years. “The banks’ asset quality and profitability weakened noticeably in 2020. Nonetheless, their credit profiles were […]
The relief teams of the Ertiqaa Association for Community Development in Gaza completed on Wednesday the distribution of 500 food baskets for the benefit of the most vulnerable families in various regions of the Gaza Strip. This initiative was launched by the Rabat-based Bayt Mal Al-Qods Acharif Agency, the financial branch of Al-Qods Committee chaired […]
