Economy monitoring committee

African Development Bank approves 450 million euro guarantee for OCP green investment program

The African Development Bank Group board of directors approved Wednesday a 450 million euro non-sovereign partial credit guarantee benefiting the Phosphates Office Group. This financing instrument, deployed in Morocco for the first time, aims to enable OCP Group to mobilize loans up to 530 million euros from international financial institutions aligned with its green financing […]

EBRD Supports Morocco’s Green Economy with €20 Mln Loan

The European Bank for Reconstruction & Development (EBRD) has approved a €20 million loan to Moroccan Bank “Crédit du Maroc” to boost green investment of SMEs and contribute to the development of value chains in the North African Kingdom.   The EBRD funds will be extended as sub-loans to local SMEs that plan to invest […]

Thousands Demonstrate in Rabat in Solidarity with Al Hoceima’s Social Grievances

Thousands of Moroccans staged Sunday a peaceful demonstration in downtown Rabat to express solidarity with Al Hoceima inhabitants’ social claims. The protesters, between 15,000 (according to official numbers) and over 30,000 (according to the organizers), marched through the avenues of downtown Rabat, chanting slogans calling for meeting the social and economic demands of Al Hoceima’s […]