Morocco is about to tap into a $3 billion precautionary liquidity line, offered by the IMF in 2018 to help the country face external shocks, Moroccan media reported. The Moroccan government removed the limit on foreign debt on Monday in order to meet its financing needs amid a rise in expenditures and a drop in […]
A French inter-ministerial Committee overseeing export of military equipment, CIEEMG, has vetoed the delivery of four AML90 armored vehicles to Gabon over fear that the equipment might be used to crackdown on protests during next year’s coming presidential elections, Africa Intelligence reports. The move, France-based media notes, came following pressure by Direction Afrique et océan […]
The European Bank for Reconstruction and Development (EBRD) expects Moroccan economic growth to decelerate to 1.1 per cent in 2022, before rebounding the following year thanks to the anticipated agricultural performance and return of other sectors to pre-pandemic levels. In its Regional Economic Prospects report released this Wednesday, the Bank says economic recovery in Morocco […]
