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EBRD, EU, GCF Support Morocco’s Green Transition with €25 Mln Funding

The European Bank for Reconstruction and Development (EBRD), the Green Climate Fund (GCF) and the European Union (EU) have agreed to provide a financing package of up to €25million to Banque Centrale Populaire (BCP) to support Morocco’s green transition. This is the third facility provided to BCP under the GCF Green Economy Financing Facility (GEFF) […]

King Mohammed VI appoints Fouzi Lekjaa Chairman of the World Cup 2030 Committee

King Mohammed VI has appointed this Thursday Fouzi Lekjaa, President of the Royal Moroccan Football Federation (FRMF) Chairman of the World Cup 2030 Committee, the Royal Office said in a statement. The appointment came during an audience the Sovereign granted to Lekjaa who doubles as Minister Delegate in charge of the Budget. The appointment follows […]

State fund CDG estimates coronavirus toll on economy at $5.4 bln

State fund CDG said that the losses due to coronavirus could amount to $5.4 billion (54 billion dirhams) with Morocco expecting a recession in 2020. The study was based on the hypothesis of a four-month-long crisis and a gradual resumption of activity by July 2020. It expects agricultural production to contract by 6% with only […]