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Morocco’s Central Bank Joins Bank for International Settlements

Bank Al-Maghrib, Morocco’s central bank, has become member of the Bank for International Settlements (BIS), the oldest international financial institution, which helps central banks in their pursuit of monetary and financial stability through international cooperation. The decision was made lately by the BIS Board of Directors, which agreed to expand its membership by including the […]

Algeria clings to diplomatic deadlock as Morocco renews call for dialogue

Since ascending the throne in 1999, King Mohammed VI has consistently extended an olive branch to Algeria, urging the normalization of ties, the reopening of borders, and the revival of Maghreb integration. Yet, every sincere Moroccan initiative has been met with silence or hostility from Algiers. In his historic Throne Day speech on July 30, […]

Morocco Earmarks 6.85 bln dirhams to Fight Disparities in Rural Areas

Morocco has earmarked 6.85 billion dirhams to a program meant to curb disparities between cities and rural areas in 2018. Speaking at the weekly government meeting Thursday, Agriculture Minister Aziz Akhannouch said the program will be funded by the fund of rural and mountainous zones development with the aim of opening up hard-to-reach areas, developing […]