Moroccan ambassador to UN Omar Hilale

Africa’s $824bn debt burden, opaque resource-backed loans, hamper continent’s economic potential — AfDB

African Development Bank (AfDB) has asked policymakers to put in place an orderly and predictable way of dealing with Africa’s ballooning, unsustainable external debt pile that reached $824 billion in 2021. Africa’s $824 billion debt burden, the servicing of which requires countries to dedicate 65% of their GDP, and opaque, non-transparent resource-backed loans hamper the […]

World Bank highlights resilience of Morocco’s financial sector to drought

Despite consecutive dry years, Morocco’s banking sector has shown resilience and stability, the World Bank said. “Stress tests in Colombia, Morocco, and Mexico indicate that overall physical risks such as droughts and floods as well as transition risks are relatively benign for the financial system as a whole,” the World Bank said in its “Finance […]

Morocco: Trial for Murder of Two Scandinavians Postponed

A Moroccan court decided Thursday to postpone until May 16 the hearing of the case against the suspects involved in the killing last December of two Scandinavian tourists in the High Atlas mountains. A total of 24 persons, including a Spanish-Swiss convert to Islam, are expected to appear before a criminal court in the city […]