ECA

Morocco’s trade deficit expands due to expensive energy imports

Morocco’s trade deficit up to June surged to 150.5 billion dirhams or 14.6 billion dollars as the country sustains a heavy energy bill on the back of soaring commodities prices. The trade gap expanded 48.7% as the domestic economy recovers and demand grows on imports of semi-products and equipment required by the local industry increase. […]

Sahara: Austria considers Autonomy Plan as ‘Serious and Credible Contribution’ to UN-led Political Process

Austria considers the autonomy plan for the Sahara, presented by Morocco in 2007, as a “serious and credible contribution” to the UN-led political process and as a basis for a solution agreed upon by the parties. This came in the joint statement adopted at the end of the meeting, Tuesday in Rabat, between the Federal […]

Impaired loans weigh on banks profitability in 2020

Moroccan banks’ impaired loans ratio surged to 8.6% to stand at a record 80 billion dirhams undermining Bank’s profits in 2020, the central bank said in its latest report. The rise of bad loans takes place at a context marked by the impact of the pandemic on economic activity in general and bank loans in […]