Morocco economy

Reception Centers not a Solution to Illegal Migration- Morocco Says

Morocco has formally rejected the creation of migrants’ reception centers in the Kingdom as it deems the measure unhelpful to address illegal migration. “Morocco rejects and has always rejected these kinds of methods for managing the issue of migration flows,” Nasser Bourita said in Rabat after meeting his Spanish counterpart Josep Borrell. Bourita expressed satisfaction […]

Morocco’s energy, transport subsidies cost at least 1.6 bln dirhams monthly, budget minister

Morocco’s government is spending at least 1.6 billion dirhams ($160 million) a month on measures to cushion households and businesses from higher energy and transport costs, Budget Minister Fouzi Lekjaa said. The support package focuses on subsidies for butane gas, electricity price freezes and financial aid for professional transport operators, Lekjaa told reporters. State support […]

Morocco’s economy expected to grow 14.5% in second quarter

Morocco’s economic growth is expected to jump 14.5% in the second quarter this year after a growth of 0.7% in the first quarter, the high commission for planning said. The forecast is based on a 13.7% improvement in agricultural activity, the agency said as abundant rainfall bodes well for the crop year. Morocco’s economic growth […]