Morocco insisted, Wednesday in Addis Ababa, before the first meeting of the Permanent Representatives Committee of the African Union (PRC) under Comorian chairmanship, on the need to secure the financial independence of the pan-African organization, whose budget currently dependents on foreign partners. Morocco’s Permanent Representative to the AU and UNECA, Mohamed Arrouchi, who was speaking […]
Exporting companies based in Morocco are facing enormous challenges to juggle the coronavirus impact due to a rise in the cost of risk emanating from orders cancellation, trade barriers and low demand. In the first three months this year, most of which was coronavirus-free, exports dropped 18% compared to the same period last year, according […]
The global coronavirus epidemic will knock 8.9 points off of Morocco’s economic growth in the second quarter of 2020, says Morocco’s Statistics agency (HCP). In its updated forecast for first semester of 2020, le “Haut Commissariat au Plan” says Covid-19 will cost the country $2.9 billion in economic loss due to a sharp drop in […]
