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OECD forecasts 3.5% growth rate for Morocco in 2023

The Organization for Economic Co-operation and Development (OECD) projected the Moroccan economy to grow by 3.5% this year and 3.7% next year, in an optimistic forecast that is closer to the government’s expectations of 4%. In its recent projections, Morocco’s central bank sees the economy growing by 2.6% this year from 1.2% last year. The […]

Winds of political change blow on Tindouf camps, Polisario shivers

Winds of change are blowing on the Tindouf camps with the emergence of a new opposition movement calling for a political and mutually acceptable solution to the Sahara issue. The movement which calls itself Sahraouis for Peace breaks away with the ideological rhetoric of the Polisario and its mentor Algeria, reluctant to engage in negotiations […]

Morocco’s Bank Crédit Agricole gets $20 Mln Loan from EBRD to support exporters & importers

The European Bank for Reconstruction and Development (EBRD) announced on Wednesday a $20 million loan to the Moroccan bank, “Crédit Agricole du Maroc”, to support local exporters and importers The funds will be used to issue guarantees in favor of confirming banks and to provide cash financing for pre-export and post-import financing and for local […]