Financial Action Task force

Morocco’s trade deficit eases by 18.2% in July

Morocco’s trade deficit in the first seven months this year eased by 18.2% as foreign demand on Moroccan industrial exports curbs imports, the foreign exchange office said. The office also cited a significant drop in energy imports triggered by lower prices in international markets. By July, Morocco’s energy imports slid 31, while equipment purchases dropped […]

Morocco’s OCP Group raises $2 billion from bonds sale

Morocco’s state-owned OCP group has successfully raised $2 billion from Eurobonds sale which attracted massive investor interest, exceeding $6.2 billion, or 3.1 times the amount offered. According to press reports, the world phosphate and fertilizer giant issued 10-year and 30 year-bonds with interest rates of 6.75% and 7.5% respectively. The raised money will help the […]

Morocco Uncompromising in Crackdown on Corruption- Govt’ chief

Morocco is strongly committed to fighting all aspects of corruption through credible efforts that earned the country better ranking in some international indexes, head of the Moroccan government Saad Eddine El Othmani said. Morocco’s ranking in the Corruption Perceptions Index (CPI) improved 6 points in two years, ranking 73rd out of 180 countries in 2019, […]