Algeria InSalah gas facility

UN’s Fourth Committee Reiterates call for Consensual Solution to Sahara Issue

The 4th Committee of the UN General Assembly adopted without a vote a draft resolution reiterating support for the UN Secretary General and his Personal Envoy in their efforts to resolve the Sahara dispute through a consensual solution. The resolution supports the negotiation process initiated by resolution 1754 (2007) of the Security Council and backed […]

IFC to help Crédit du Maroc Bank facilitate development of SMEs, women’s entrepreneurship, green projects

The International Finance Corporation (IFC) will help Crédit du Maroc Bank facilitate the development of small and medium-sized enterprises (SMEs), women’s entrepreneurship, and green projects with a $100 million financing package. This agreement is in line with IFC’s strategy in Morocco, which aims to support private sector-led economic growth and job creation by promoting the […]

Morocco rules out drawing on IMF credit line, eyes gradual currency reform

Morocco has no plans to tap funds available under its Flexible Credit Line (FCL) arrangement with the International Monetary Fund, Finance and Economy Minister Nadia Fettah Alaoui said. The IMF approved a new two-year FCL agreement for Morocco on April 2, 2025, worth 3.45 billion Special Drawing Rights (SDRs), or about $4.5 billion, replacing a […]