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WB expects Morocco’s growth to reach 2.5% in 2023 & 3.3% in 2024

Morocco’s economic growth is expected to reach 2.5 pc in 2023 before rebounding to 3.3 pc in 2024, according to the World Bank’s latest Global Economic Prospects report. The persistent drought and high inflation are weakening growth in Morocco, with unemployment rising to above its pandemic peak in March 2023, said the WB. However, growth […]

Libya: Gaddafi’s son Seif al-Islam talks about a presidential candidacy

Seif al-Islam Gaddafi, son of the late Libyan leader Muammar Gaddafi, wants to “restore the lost unity” of Libya after a decade of chaos and talks about running for president. In a rare interview with the New York Times, Seif al-Islam said that Libyan politicians have “brought nothing but misery.” “It’s time to go back […]

Morocco well-placed to transform pandemic crisis into opportunity – Central Bank chief

By taking a series of economic and social reforms, Morocco is best equipped to transform the crisis propelled by the COVID-19 pandemic into an opportunity, governor of Morocco’s central bank Abdellatif Jouahri said.   King Mohammed VI has ordered a set of reforms that helped mitigate the impact of the crisis, said Jouahri in a […]