Morocco economy monotoring committee

Morocco-Spain ties stronger than ever- Spanish king

Ties between Morocco and Spain are ushering a new era as they have become stronger than ever thanks to a clear-cut road map, said King Felipe VI of Spain. “With Morocco, we have ushered in a new era that allows us to make progress on a more solid basis,” said the Spanish king, who lauded […]

IMF revises upwards Morocco’s growth forecast to 1.25% in 2022 and 3% in 2023

The IMF revised upwards its growth projections for the Moroccan economy to 1.25% in 2022 and 3% in 2023, saying Morocco’s resilient exports, robust remittances and tourism recovery had helped offset some of the fallout of external shocks. The Moroccan government however expects growth to stand at 1.5% this year before increasing to 4% next […]

Egypt Locks in $140m Funding to Kick-Start New Alamein Silicon Industry

Egypt has secured $140 million in long-term syndicated financing for the first phase of a metallic silicon and silicon derivatives complex in the industrial zone of New Alamein, marking a strategic step in deepening domestic value-added manufacturing. The financing agreement was signed this week, in the presence of Minister of Petroleum and Mineral Resources, Karim […]