Abdellatif hammouchi

Morocco’s king orders earthquake reconstruction program worth $12 bln

King Mohammed VI of Morocco chaired a third meeting to follow up the implementation of the reconstruction after the earthquake ordering speeding up in implementing a program worth 120 billion dirhams ($12 billion) in the six quake-struck regions. The program will span over a five-year period covering the six provinces affected by the earthquake: Marrakech, […]

Historic debt relief agreement marks new chapter in US-Somalia relations

Somalia has achieved a significant financial breakthrough with the United States agreeing to cancel more than $1.1 billion in outstanding loans, representing approximately one-quarter of the nation’s remaining debt burden. This historic agreement marks a crucial step in Somalia’s economic recovery from decades of financial isolation. The debt, largely accumulated during the military dictatorship that […]

OIC: Morocco calls for multidimensional solidarity approach to mitigate COVID-19 pandemic impact

Morocco has called Islamic states to adopt a multidimensional solidarity approach to mitigate the economic impact of the COVID-19 pandemic, taking into account the development disparities between OIC Member States.   The call was launched by Moroccan Junior Foreign Minister Nezha El Ouafi who is leading the Moroccan delegation to the 47th session of the […]