Africa development Bank

Vice-chairman of Libyan High Council of State commends Morocco’s efforts to achieve reconciliation in Libya

Vice-chairman of the Libyan High Council of State, Massoud Obeid, hailed Morocco’s ongoing efforts to achieve national reconciliation between the Libyan brothers. The Skhirat Agreement was a decisive turning point in the process to end the Libyan conflict, noted Obeid during talks in Rabat with speaker of the House of Advisors, Enaam Mayara. He vowed […]

IMF commends Morocco for mitigating economic impact of external shocks

The IMF highlighted on Jan 24 the “very strong policy response” that Morocco took to mitigate the social and economic impact of the recent negative shocks fueled by the repercussions of the war in Ukraine. At the end of its Article IV consultations, the IMF said Morocco’s economy will bounce back to 4% in 2023 […]

Spirit AeroSystems, Major Bidder for Bombardier Plants in Morocco & Belfast

American company Spirit Aero systems is reportedly the major bidder for the acquisition of the two bombardier plants in Morocco and Northern Ireland, said on Friday Reuters, citing sources familiar with the matter.   However, no deal has so far been sealed and the negotiations are still underway. Both the Canadian aerospace firm and Spirit […]