Marelli_Morocco

Fitch Solutions Expects Morocco to Hold Interest Rate at 2.25% in 2019

Morocco’s central bank, Bank Al-Maghrib (BAM) will hold its key policy rate at 2.25 pc in 2019 due to subdued inflation and a neutral shift in US Fed policy, says Fitch Solutions in its latest report on the North African Kingdom. In a bid to protect foreign exchange reserves and limit imported inflation, BAM will […]

Tunisia’s domestic borrowing gamble risks inflation and social unrest

The Tunisian government plans to seek $3.7 billion in direct financing from the Central Bank of Tunisia (BCT) in 2026, after borrowing $2.3 billion this year to cover urgent debt repayments. Total financing needs are projected at 27 billion dinars, with plans for a 7 billion dinar sukuk issuance, a first for the country. Public […]

Morocco Rescues over 600 Migrants at Sea over Weekend

Morocco’s Royal Navy said it rescued 615 migrants from 31 boats that ran into trouble in the Mediterranean at the weekend while trying to reach Spain. This happens as Morocco becomes a destination and a transit country overtaking Libya as the main entry point for migrants willing to cross the Mediterranean to Spain or to […]