Iberia

Morocco’s Central Bank raises key interest rate to 3% to mitigate inflation

Morocco’s Central bank decided on Tuesday to lift its rates by 50 basis points to 3 percent to counter inflationary pressures exerted both at the domestic and international levels. During its first meeting of 2023 held in Rabat, the Board of Bank Al Maghrib discussed the evolution of the national economic situation and the Bank’s […]

Guinea’s Consul General Soriba Camara installed in Dakhla

Soriba Camara was officially installed as Guinea’s Consul General in Dakhla at a ceremony that took place on Monday in the presence of Guinean Foreign Minister Morissanda Kouyaté. The ceremony took place on the sidelines of the 7th Morocco-Guinea Joint Cooperation Commission, held in Dakhla under the co-chairmanship of Kouyaté and his Moroccan peer Nasser […]

Morocco: World Bank anticipates growth of 1.1% in 2022 & 4.3% in 2023

Moroccan economic growth is expected to reach 1.1 pc this year before rebounding to 3.4 pc in 2023, says the World Bank in its latest updated forecast. The WB says growth in Morocco is projected to slow to 1.1% in 2022 as agricultural output declines by 17.3% due to the drought. The economy is projected […]