Attijariwafa bank

Coronavirus to weigh on Moroccan 2021 budget

Finance Minister Mohamed Benchaaboun said the economic impact of the coronavirus will continue to reverberate in 2021 as the government faces prospects of a sharp drop in revenue and higher spending. Tax revenue is expected to fall by 25 billion dirhams while additional spending should be mobilized to fund social landmark projects such as the […]

From Morocco, African states call for cheaper remittance transfer costs

African diaspora is in need of urgent action to reduce the cost of remittances, an instrumental source of investment and a key factor in reducing poverty in the continent, said participants at an African meeting in Rabat. There are some 150 million Africans living outside the continent with remittances estimated at 100 billion dollars in […]

Libya Warring Factions Agree to Cease-Fire

Libya’s warring factions agreed on Monday to stop hostilities after nearly a week of deadly clashes south of the capital Tripoli. Under the truce, brokered by Bani Walid social council, fighters from the Tripoli Protection Force and the Seventh Brigade agreed to return to their respective cities. Fighting between the armed groups erupted last Wednesday […]