Morocco’s economic activity has recovered most of the ground lost during the severe global recession of 2020 with a growth rate of 6.3% last year and medium-term growth prospects of 3.5%, as the country continues its fiscal and monetary stimulus, the IMF said. Morocco has posted the highest growth rate in the MENA region in […]
Libya’s National Oil Corporation (NOC) has signed a production-sharing agreement with US energy company Chevron as the country seeks to attract investment and increase oil production. NOC Chairman Masoud Suleiman said the agreement represents an important step towards exploring and developing Libya’s hydrocarbon resources while strengthening partnerships with major international energy companies. Suleiman said the […]
The International Monetary Fund (IMF) has approved $2.9 billion for Morocco Under the Precautionary and Liquidity Line (PLL) that will provide insurance against external risks, support Moroccan efforts to reduce fiscal, external vulnerabilities and promote more inclusive growth. Despite a sharp pick up in global oil prices, Moroccan authorities have reduced fiscal and external vulnerabilities […]
