By 2022, Morocco’s external debt stood at 423.6 billion dirhams ($41.2 bln) representing 31.8% of GDP, half of which was owed to multilateral development banks, according to finance ministry data. The International Bank for Reconstruction and Development, an offshoot of the World Bank, holds the lion’s share in Morocco’s external debt with 93.1 billion dirhams, […]
Morocco and Bahrain have signed a Memorandum of Understanding (MoU) aimed at strengthening bilateral cooperation in the sector of renewable energy, through exchange of expertise, technology transfer, capacity building and the consolidation of public and private investment in the sector. Under the deal that will support the implementation of several initiatives related to renewable energy, […]
UN Secretary-General António Guterres has acknowledged that the Security Council is struggling with issues of legitimacy and effectiveness, arguing that its current structure no longer mirrors the geopolitical realities of the modern world. Speaking at a news conference in Malaysia during a summit of Southeast Asian nations, Guterres noted that the Council’s composition—three European permanent […]
