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Morocco’s OCP & U.S. Farmer Cooperative CHS to Build Phosphate Fertilizer Production Facility in Louisiana

Morocco’s OCP Group and CHS, America’s leading farmer-owned cooperative, are preparing to build and operate a phosphate fertilizer production facility at the Cornerstone Energy Park located in Waggaman, Louisiana. The two partners have set up a joint venture and anticipate up to $450 million investment to improve supply reliability for American farmers. The new plant […]

WB approves $275 million loan to help Morocco manage natural risks

The World Bank approved a $275 million Disaster Risk Management Development Policy Loan for Morocco designed to both help the country strengthen its capacity to manage the financial impact of natural disasters and climate-related shocks, and to upgrade its institutional framework for disaster risk management. Morocco has been hit in recent years by the impact […]

Morocco introduces measures in its 2025 budget to curb inflation

The draft budget for 2025 provides for an array of measures to curb the impact of imported inflation on the citizens’ purchasing power, including wage hikes, cancelation of VAT and customs duties on some basic foodstuff, and subsidies. Under the new budget, monthly salaries lower than 6000 will be exempted from the income tax, while […]