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Morocco’s 2022 growth forecast drops to 1.7%- government

Morocco’s economic outlook has worsened due to drought and external shocks, notably imported inflation, with growth prospects seen at between 1.5% and 1.7%, head of the Moroccan government Aziz Akhannouch said. The government had based its 2022 budget on a growth forecast of 3.2% and expected its budget deficit at 6.1%. Akhannouch said that high […]

Morocco reunites Atlantic and Pacific in Sahara

Morocco convened a forum of Pacific Island states in the Atlantic Sahara city of Laayoune where participating countries discussed issues of common interest on top of which climate change and mitigation measures. The event was an opportunity for Morocco to underscore its steadfast solidarity with Pacific island states as part of its south-south cooperation approach, […]

IMF members increase contributions; Africa gets third seat on board

The IMF announced Saturday member nations agreed to increase their contributions to the global lender and give sub-Saharan Africa a third seat on its executive board at its first meetings on the continent since 1973. The IMF announced Saturday member nations agreed to increase their contributions to the global lender and give sub-Saharan Africa a […]