imf-building

WB supports Morocco’s North-East Economic Development Project with over €236 Mln funding

Morocco and the World Bank signed on Monday in Rabat a €236.7 million loan agreement for the funding of the North-East Economic Development Project destined to improve transport connectivity and rev up the private sector growth in the North-Eastern region of the Kingdom. The agreement was inked by Economy & Finance minister Nadia Fettah Alaoui […]

Morocco’s King Appoints Commissions to Supervise Planned Privatizations

King Mohammed VI has appointed members of the two commissions, the “Transfer Commission” and the “Evaluation Body” that will supervise the planned privatization of a number of public institutions that will bring in some 10 billion Dirhams. The Transfer Commission includes Zouhair Chorfi, Secretary General of the Ministry of Finance; Fouzia Zaaboul, Director of the […]

U.S. Mulls Setting Up Spy Drone Base in Northwest Africa

The Pentagon is planning a drone base in northwest Africa to counter the growing terror threat posed by the Islamist extremists linked to Al Qaeda, says the New York Times on its web site. The base will be most probably established in Niger or Burkina Faso, sharing borders with Mali where French and Malian troops […]