IPU

Morocco: Imported inflation leaves little room for fiscal or monetary intervention

Morocco, like most energy importing countries, is facing the fallout of an imported inflation that sent up the prices of basic commodities in the international market. In July, prices rose to 7.7% year on year, according to the national statistics agency. The increase has been felt mostly in food prices and transport cost which rose […]

Somalia offers U.S. exclusive access to key ports and airbases amid rising tensions

Somalia has extended an offer to the United States for exclusive control over strategic airbases and ports in the Gulf of Aden, thus adding a new geopolitical twist to great-power competition in the Horn of Africa. In a letter from president Hassan Sheikh Mohamud to U.S. president Donald Trump, Somalia proposed granting the U.S. operational […]

BAM Governor presents to King 2023 financial year report on economic, monetary, financial situation

King Mohammed VI, accompanied by Crown Prince Moulay El Hassan and Prince Moulay Rachid, received, on Monday at the Royal Palace in Tetouan, Abdellatif Jouahri, Governor of the Central Bank (Bank Al-Maghrib), who presented to the Sovereign the Bank’s annual report on the economic, monetary, and financial situation for the 2023 financial year. In his […]