Morocco plans to increase spending on social protection to 5 billion dollars annually, covering mandatory health insurance, direct cash handouts to needy social categories, and housing acquisition aid, head of the government Aziz Akhannouch said. Speaking to members of Parliament, Akhannouch said the measures are in implementation of the King’s directives to move towards a […]
Morocco’s central bank has decided to raise its key rate by 50 basis points to 2.5pc due to inflation upward trends and external pressures that spread to non-tradable goods and services and to the implementation of the subsidy system reform starting 2024. During last quarterly meeting held Tuesday in Rabat, the Board of Bank Al-Maghrib […]
Morocco’s 2025 budget has allocated 340 billion dirhams ($34.5 bln) to public investments, up 1.5% from last year. The investments would focus on key sectors such as renewable energies, telecommunications, housing, farming, electricity, water, phosphates, roads, and transports, according to the draft budget. The 2025 assumes a 4.6% growth rate in 2025, up from 3.3% […]
