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Moroccan lower house approves 2023 budget bill

Moroccan MPs gave go-ahead to the 2023 budget law that aims to foster the well-fare state, cut the fiscal deficit and promote investment in a difficult international context marked by the impact of imported inflation and the repercussions of climate change and drought. Drought and inflation have both dipped Morocco’s growth forecast for 2022 to […]

G20: Saudi Arabia assumes presidency, first time in Arab world

Saudi Arabia Sunday announced it has taken leadership of the Group of Twenty or G20, until the meeting of its leaders in the kingdom next year in November. The Gulf country takes over from Japan and becomes the first Arab country to assume the presidency of the powerful organization encompassing leaders of developed and developing […]

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 […]