Libyan oil corporation

COVID-19: EU contributes €157 million to Morocco’s special fund, pledges more grants by year’s end

The European Union transferred a grant of €157 million (MAD 1.7 billion) to Morocco on Monday, May 26, to help the country in its response to the COVID-19 pandemic and vowed more grants by the end of 2020 to total €300 million. The amount was injected into Morocco’s Special Fund for the Management and Response […]

Morocco imposes water-saving measures to mitigate drought impact

Morocco’s interior ministry has ordered water rationing in regions hit by drought, the worst Morocco has experienced in decades. Climate experts consider this drought the worst in 30 years and has hit all Moroccan regions compromising this crop year. The Interior ministry asked local governors to ensure that green spaces are not irrigated with drinking […]

Morocco receives IMF’s Precautionary Liquidity Line worth $3.47 bln

The Executive Board of the International Monetary Fund (IMF) approved on July 22 a two-year arrangement for Morocco under the Precautionary and Liquidity Line (PLL) for 3.47 billion dollars. The new PLL arrangement will provide Morocco with useful insurance against external shocks as the authorities pursue their reform agenda aimed at further strengthening the economy’s […]