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Morocco’s King Urges IsDB Group to bolster Private Sector, Engine of Growth

King Mohammed VI has urged the Islamic Development Bank to help its member countries to diversify their economies and stimulate the private sector, a growth engine and a source for the creation of wealth. In a message to the 44th annual meeting of IDB Group, convening in Marrakech (April 5-6), the Moroccan Sovereign said most […]

Morocco’s growth to rebound to 4.5 pc in 2021; Kingdom to repay part of LPL in advance – IMF

Morocco’s GDP growth is expected to increase to 4.5 percent in 2021 as the effects of the drought and pandemic wane and monetary and fiscal policy remains accommodative, announced on Wednesday the International Monetary Fund. In a press release issued after concluding 2020 Article IV Consultation with Morocco, the IMF Executive Board also said that […]

Morocco’s OCP Group Shortlisted for US Frank Edelman Award 2021

Morocco’s OCP group, world’s major phosphates and fertilizers producer, has been selected among the seven finalists vying for the prestigious Frank Edelman Award 2021. The Moroccan state-owned company has been commended for using optimization models to enhance production, marketing and logistical processes to facilitate global distribution. The focus on optimization has boosted OCP’s innovation and […]