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Fitch rates Morocco “BB+” with stable outlook

Fitch Ratings agency has affirmed Morocco’s Long-Term Foreign-Currency Issuer Default Rating (IDR) at ‘BB+’ with a Stable Outlook due to favorable debt composition, reasonably comfortable external liquidity buffers and a record of macroeconomic stability. In 2021, Morocco’s GDP growth rebounded to 7.4%, after contracting by 6.4% in 2020. “We forecast growth to decelerate to 1.1% […]

Morocco-China: Abolition of Visas for Chinese Nationals as of June 2016

King Mohammed VI gave instructions for the abolition of entry visas for Chinese nationals as of June 2016, said Minister of Foreign Affairs and Cooperation, Salaheddine Mezouar. King Mohammed VI announced his decision to President Xi Jinping during the meeting they held Wednesday at the Great Hall of the People, in Beijing, Salaheddine Mezouar told […]

Mauritania, IFM reach $253m loan agreement to curb climate adverse effects

The International Monetary Fund (IMF) will provide Mauritania $253 million in credit facility to help the country mitigate adverse effects of climate change, saharamedias website reports following an agreement between the two sides. The loan will be disbursed in line with the IMF’s resilience and sustainability program designed for the country over the next three […]