Morocco-economy

Moroccan banks start to shake off Covid-19 impact

Moroccan banks have shown resilience to the impact of the Covid-19 crisis maintaining enough provisions to face the surge of the cost of risk due to a rise in impaired loans, analysts and the central bank say. The IMF has urged the Central Bank to keep ensuring that the Banks had enough provisions to deal […]

Morocco, China explore new cooperation prospects in strategic and high value-added sectors

Morocco and China have explored new prospects to bolster their cooperation in strategic and high value-added sectors, such as infrastructure, industry, energy, innovation, digital technology, renewable energy, tourism, and higher education. This came during a meeting in Beijing Friday between Morocco’s Foreign Minister Nasser Bourita, who is on a working visit to China, and his […]

African Development Bank set to launch game-changing refinancing tool

African nations struggling with mounting international debt are about to get a lifeline. The African Development Bank’s new refinancing facility isn’t just another bureaucratic solution – it’s potentially a financial game-changer for the continent. The initiative, dubbed The African Financial Stability Mechanism, stands ready for launch after clearing its final hurdles. All that’s needed now […]