Moody’s Ratings has affirmed Morocco’s stable credit outlook at Ba1, saying the rating reflects Morocco’s institutional strengths and robust external position. “The stable outlook reflects our expectation that the government will pursue economic and social reforms to improve the economy’s resilience to shocks while keeping the debt burden stable,” Moody’s said. “We expect the government […]
Severe austerity measures imposed by international financial institutions on some of the poorest African countries led to public spending cuts, which affected the wages of teachers and health workers in particular, ActionAid said. Teachers across Africa are bearing the brunt of austerity, losing up to 50% of their real income over five years, while nearly […]
Maghreb Countries are reinforcing preventive measures against the spread of the COVID-19, with Morocco asking its citizens to stay home and to limit their movement to essential errands, Tunisia imposing a curfew nationwide and Algeria banning demonstrations. In Morocco, one of the first countries in the world to apprehend the scale of coronavirus outbreak and […]
