Libya – Conference in Cairo

EIB lends Morocco’s Credit Agricole €200 mln

The European Investment Bank offered a €200 million loan to Morocco’s Credit Agricole to support funding for agricultural f projects. The loan aims to promote bio-agriculture and support the agriculture ministry’s “Green Generation 2020,” the two banks said in a statement. The new financing will benefit agriculture supply chains including production, storage, logistics, packaging, transformation […]

Fitch Ratings underscores Morocco’s macroeconomic stability, external liquidity buffers

Despite the coronavirus crisis impact, Morocco maintains macroeconomic stability, low inflation and a relatively comfortable level of foreign exchange reserves that act as external liquidity buffers, Fitch Ratings said. The agency affirmed Morocco’s long-term foreign-currency issuer default rating at ‘BB+’ with a Stable Outlook. Fitch Ratings however expects the government’s budget deficit to stand at […]

Rabat hosts 52nd meeting of executive committee of OIC Parliamentary Union

Morocco’s Parliament is hosting this September 10-11 the proceedings of the 52nd Meeting of the Executive Committee of the Parliamentary Union of the OIC Member States (PUIC). In an opening address, Secretary General of the OIC Parliamentary Union, Muhammad Qureshi Nias, hailed Morocco’s interest in strengthening Islamic cooperation under the leadership of King Mohammed VI, […]