AFDB-Morocco seminar

Morocco to introduce secondary market for non-performing loans

Morocco’s central bank has prepared a draft law that would set up a secondary market in which non-performing loans, currently at 9.8 billion dollars, can be sold, in a move that will boost banks’ liquidity. The news was announced by director general of the central bank, Bank Al Maghrib, Abderrahim Bouazza, who said non-performing loans […]

Moroccan, Russian FM discuss bilateral relations, regional & international issues

Moroccan Foreign Minister received, Tuesday, a phone call from his Russian counterpart Sergei Lavrov.   The phone talks focused on the development of bilateral relations in the framework of mutual respect, constructive dialogue and strengthening sectoral cooperation, the Foreign Ministry said in a statement.   The two sides also discussed regional and international issues, the […]

Sahara: Peru’s lawmakers set up support group for Morocco’s Autonomy Plan

A support group for Morocco’s autonomy plan in the Sahara has been set up at the Peruvian Parliament, showing the firm backing of the lawmakers of this South American country to Morocco’s territorial integrity and sovereignty over its Saharan provinces. Members of this group affirm that the autonomy plan is the only solution to the […]