king

Morocco’s trade deficit eases 12% in May

Morocco’s trade deficit shrunk 12% in May as the coronavirus pandemic reduced demand both for imports and exports, the foreign exchange agency said. The 16.9% drop in imports to $17 billion from January to May came as a result of a fall in all imports except cereals, the agency said. Exports however dwindled 20% to […]

Morocco expects to double its cereals harvest after abundant rain

Morocco’s grain crop is expected to double this season after heavy winter rains boosted moisture levels and dam reserves, traders and millers said, adding that recent floods in the country’s northwest are unlikely to significantly affect overall output. Moulay Abdelkader Alaoui, head of the National Federation of Millers, told Reuters the sector plans to add […]

World Bank Approves $4 million Grant to Strengthen Climate Resilience in Morocco

The World Bank’s Board of Directors has approved a $4 million grant from the Livable Planet Fund (LPF) to Morocco to provide additional funding for the Transforming Agri-food Systems Program. The program aims to strengthen Morocco’s agri-food system against climate change while improving food safety and quality, the international financial institution said in a press […]