Morocco’s trade deficit shrank 7.5% in 2023 thanks to a record performance by the tourism and automotive sector and higher remittances from Moroccans abroad. The deficit stood at 286 billion dirhams following a drop in imports to 715 billion and an increase in exports to 429 billion dirhams. The drop in the import bell was […]
Morocco expects its cereals output to shrink by 70% to 3.2 million tons due to late and unevenly distributed rainfall, putting a strain on the country as it seeks to build stockpiles amid a surge in prices in the international market. The government subsidies soft wheat, the main staple in the country of about […]
Morocco ranked second in the Arab world in terms of credit portfolio granted by microcredit associations by the end of 2020, according to the Arab Monetary Fund (AMF). The outstanding total of these credits amounted to $760 million at the end of the past year, the AMF said in its annual report on financial stability […]
