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Morocco’s Spending on Cooking Gas, Sugar Subsidies Hits $700 million

Morocco’s spending on cooking gas and sugar subsidies rose sharply to nearly $700 million in the first half of 2017, compared to $481 million in 2016, the subsidy fund, Caisse de Compensation, said. During the first half of 2017, spending on cooking gas increased 70 percent year-on-year from $310 million to $525 million, while spending […]

Morocco’s central bank alerts to climate change impact on monetary policy

Central Bank governor Abdellatif Jouahri warned of the impact of climate change on monetary policy and said the bank was working with the government on a strategy on combating climate change and mitigating its impact.   Climate change “affects growth, employment and inflation, the main variables on which monetary policy decisions are based. Besides, climate-related […]

Three sanction-hit west African countries seek re-entry to AU and ECOWAS

Foreign ministers from Burkina Faso, Guinea and Mali, all of which recently underwent military coups, have called for their reinstatement into the African Union (AU) and Economic Community of West African States (ECOWAS) following a trip to the region by Russian envoy Sergey Lavrov. The top diplomats from the three west African countries said in […]