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Morocco’s central bank increases three-fold banks refinancing capacity

The Central bank said it will intervene to ensure there is enough cash for banks through increasing three-fold their refinancing capacity in dirham and hard currency. The move comes as a lifeline for Moroccan banks to offset the financial repercussions of coronavirus and help them offer loans for enterprises and households, the central bank said […]

French AFD supports Morocco’s farming strategy with €150.6 Mln funding

French Development Agency (AFD) has provided Morocco €150.6 million destined to support the Kingdom’s new agricultural strategy “Generation Green 2020-2030”. Two agreements were signed Monday in Rabat by the two sides in presence of France’s Ambassador to Morocco Hélène Le Gal. The AFD funding will help the North African Kingdom to strengthen its agricultural marketing […]

UN Security Council lauds Morocco’s efforts to resolve Libyan crisis

The members of the United Nations Security Council have lauded Morocco’s efforts and its highly appreciated contributions to resolve the crisis in Libya. In a statement adopted unanimously on Wednesday in New York, the Security Council members “expressed appreciation to the Kingdom of Morocco for hosting the 6+6 Committee in Bouznika from 22 May to […]