Solking Concert

Bank Al-Maghrib & IMF Extend Investment Agreement

Morocco’s central bank (Bank Al-Maghrib ) has agreed to extend its investment agreement for the benefit of the Poverty Reduction and Growth Trust (PRGT) until 2022 in support of IMF’s concessional lending to low-income member countries. The International Monetary Fund (IMF), as Trustee of PRGT, has amended its 2012 investment agreement with Bank Al-Maghrib, through […]

EBRD Supports Morocco’s Water Conservation Efforts with €150 Mln funding

The European Bank for Reconstruction and Development (EBRD) provides Morocco a €150 million loan to finance the third phase of Saïss Water Conservation Program. The package also includes a $7.5 million grant from the UK under the EBRD’s High-Impact Partnership for Climate Action (HIPCA) multi-donor fund. Recognising the project’s strategic importance for Morocco, the Bank […]

Canada: Moroccans Win Eight Gold Medals at Invention & Innovation Contest

Morocco stunned global community of inventors and innovators Saturday in Toronto, Canada by winning eight gold medals at the International Invention and Innovation Contest (iCAN 2016.) Six of the medals were awarded by the contest organizers, Moroccan media le360.ma reports. Morocco also received a gold medal from the International Federation of Inventors’ Association at the […]