morocco-gcc-summit

Morocco’s Central Bank maintains accommodative policy to promote growth

Morocco’s central bank kept its key interest rate unchanged at an all-time low of 1.5%, in a sign that it is more concerned about promoting growth, than curbing a high inflation caused by exogenous factors. The Bank said inflation would soar to 5% in 2022 and drop to 2% next year. Central Bank governor had […]

EU, Morocco Negotiating New Fisheries Deal

The European Union is negotiating with Morocco a new fisheries agreement that would allow European trawlers back in Moroccan waters in exchange for annual payments. So far, the European and Moroccan delegations held three rounds of talks for a new protocol to the Fisheries Partnership Agreement (FPA) which entered into force on February 28, 2007. […]

EBRD expects Morocco’s growth to slow to 1.1 % in 2022 & rebound to 3.3 % in 2023

The European Bank for Reconstruction and Development (EBRD) expects Moroccan economic growth to decelerate to 1.1 per cent in 2022, before rebounding the following year thanks to the anticipated agricultural performance and return of other sectors to pre-pandemic levels. In its Regional Economic Prospects report released this Wednesday, the Bank says economic recovery in Morocco […]