Morocco is planning to set up a market for non-performing loans (NPLs) offering the possibility of buying and selling of unpaid loans beyond set deadline. Banks can sell NPLs to reduce risk, free up capital, and maintain profitability, while investors seek to profit by restructuring or recovering value. Morocco’s Central bank, Bank Al-Maghrib, has been […]
Morocco’s bakers have decided to halt the planned increase in bread prices following the pending talks with government. The Moroccan Federation of Bakers and Patissiers (FBPM) agreed that for now the prices of 10-30 centimeter loaves of bread are going to stay the same. The envisaged price increase should have concerned about 15,000 bakeries. According […]
After Morocco imposed a confinement to contain the coronavirus outbreak, some 700,000 workers in 113,000 companies whose activity came to a halt will receive 1000 dirhams in March and 2000 for the next three months, Labor Minister Mohamed Amekraz said. He said the employees affiliated to the pension fund CNSS will return to their job […]
