Morocco has formally rejected the creation of migrants’ reception centers in the Kingdom as it deems the measure unhelpful to address illegal migration. “Morocco rejects and has always rejected these kinds of methods for managing the issue of migration flows,” Nasser Bourita said in Rabat after meeting his Spanish counterpart Josep Borrell. Bourita expressed satisfaction […]
The International Finance Corporation (IFC) intends to support the Moroccan government in its multiple reforms to ensure post-Covid economic recovery and plans to invest $300 million for fiscal year 2021. In this vein, the IFC and the Ministry of Economy and Finance signed Wednesday Wednesday a memorandum of understanding to strengthen their partnership and stimulate […]
Credit rating agency, Fitch, affirmed Morocco’s long-term foreign and local currency issuer default ratings (IDRs) at ‘BBB’ with a Stable Outlook. Fitch explained that Morocco’s BBB rating was driven by its economic performance, public finance and external finance metrics. “Economic policy focuses on maintaining macroeconomic stability and is unlikely to change much as a result […]
