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Morocco’s BCP Bank gets $100 Mln loan from EBRD to mitigate COVID-19 impact

The European Bank for Reconstruction and Development (EBRD) approved on Thursday a $100 million loan to Moroccan “Banque Centrale Populaire (BCP) to support local small businesses affected by the coronavirus pandemic. The loan is the second to the country under the EBRD Solidarity Package, set up to meet the immediate short-term financing needs of existing […]

Libya: Escalation in violence “unacceptable” – Salamé

UN Special Representative for Libya Ghassan Salamé said Friday the escalation in violence over the last 24 hours in the country was “unacceptable” and warned that that the war in Libya could turn into a regional war on the Libyan territory due to the direct and indirect involvement of non-Libyan parties in the fighting.   […]

Morocco Rises Vigilance Level on Spanish Borders in Wake of Barcelona Attacks

Moroccan authorities have raised security vigilance on its northern borders with Spain after the Barcelona terror attack. The tightening of security measures, especially in the northern region near the Spanish enclaves of Ceuta and Melilla, aims at thwarting any infiltration attempts or smuggling of arms by terrorists, local media reported. Morocco has also reinforced security […]