Morocco will produce 50% of its fresh water needs from desalination by 2030, said water minister Nizar Bakara, as the country faces one of the harshest droughts in its recent history. Five years of drought depleted reservoirs now only 23% full, while many farming areas face bleak prospects due to halt of irrigation. By 2030, […]
The Moroccan government started distributing subsidies to professionals in the transport sector to help mitigate the impact of the surge in energy prices on the purchasing power of citizens, marking a U-turn in its subsidies policy. This aid will benefit 180,000 professionals in different transport sectors including taxis, trucks, buses, inter-city travel and tourist transport. […]
The Executive Board of the International Monetary Fund (IMF) completed on August 1 the second review under the Precautionary and Liquidity Line (PLL) Arrangement and reaffirmed Morocco’s continued qualification for the PLL and its sound economic fundamentals. In a statement on its website, the IMF underscores Morocco’s eligibility to PLL and praises the country for […]
