IFC-FMII

Morocco obtains IMF flexible credit line worth $4.5 bln

The IMF has approved a flexible credit line worth $4.5 billion to help Morocco cushion against external shocks. The two-year arrangement will be treated by Moroccan authorities as precautionary, the IMF said in a statement. “The Moroccan economy has shown a sustained track record of implementing very strong policies and remarkable resilience to recent shocks, […]

Spanish Shipping Groups Consolidate Gibraltar Strait Position Ahead of Summer Season

Spain’s maritime transport sector is moving decisively to strengthen its foothold in the Strait of Gibraltar passenger market, with two major acquisition deals filed before Morocco’s Competition Council just months ahead of the annual Marhaba operation — the largest seasonal maritime movement between Europe and North Africa. The Baleària group is at the center of […]

Morocco’s BCIJ arrests four Daesh supporters

Morocco’s Central Bureau of Judicial Investigations (BCIJ) arrested this Thursday four supporters of the terrorist organization “Daesh” for their alleged involvement in preparing terrorist plans aimed at undermining public order. The Special Forces of the General Directorate of Territorial Surveillance (DGST) launched intervention and arrest procedures as part of separate and simultaneous operations targeting the […]