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Central Bank cuts interest rate to boost economic activity amid drought, coronavirus fears

The Central Bank cut its benchmark interest rate to 2% to boost economic activity, which, like elsewhere in the world, is expected to reel under the impact of the coronavirus outbreak. Drought has complicated the outlook for Morocco, which expected a contraction of agricultural output plunging growth to 2.3%, according to the central bank. The […]

Morocco-EU Fisheries Agreement Remains Valid, Fisheries Minister Says

The EU-Morocco fisheries agreement remains in force until its expiry date set for July 2018, said Morocco’s Agriculture and Fisheries agreement in a comment following the verdict of the European Court of Justice (ECJ) The agreement remains valid and European vessels will continue to operate in Moroccan waters, including off the Sahara coasts until the […]

Morocco, Russia conclude new four-year fisheries agreement

Morocco and Russia signed on Friday in Moscow a new cooperation agreement on fisheries, which stands in for the previous agreement, expired on December, 31, 2024. The agreement was signed by Moroccan Foreign Minister Nasser Bourita and Russia’s Head of the Federal Agency for Fishery Ilya Shestakov on the sidelines of the 8th session of […]