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Finance Headlines Morocco

Morocco Earmarks 6.85 bln dirhams to Fight Disparities in Rural Areas

North Africa Post

Morocco has earmarked 6.85 billion dirhams to a program meant to curb disparities between cities and rural areas in 2018. Speaking at the weekly government meeting Thursday, Agriculture Minister Aziz Akhannouch said the program will be funded by the fund of rural and mountainous zones development with the aim of opening up hard-to-reach areas, developing […]
Europe Headlines International Morocco

Sahara: BRICS’ backing to Morocco’s position deals fatal blow to Algeria – Spanish Magazine

North Africa Post

The BRICS leaders, who met in Johannesburg, provided a significant boost to Morocco’s stance on the Sahara issue by supporting it and affirming their dedication to international law. This move dealt a fatal blow to Algeria and the polisario, commented Spanish news outlet Atalayar. “The BRICS meeting’s declaration unequivocally supports the Moroccan stance,” advocating the […]
Emerging Markets Finance Headlines International Morocco

Fitch Solutions expect Morocco’s central bank to cut benchmark rate to 2.25% in H2

North Africa Post

Morocco’s central bank is expected to take more monetary easing steps in the second half of this year by cutting the benchmark rate to 2.25% from 2.75% currently, Fitch Solutions said. “We forecast that BAM will cut its policy rate in another two steps of 25bps in September and December 2024, to 2.25% by end-year […]