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Morocco to create $4.8 bln strategic investment fund

Morocco will set up a strategic investment fund worth $4.8 billion to help the economy recover from the coronavirus impact, Finance Minister Mohamed Benchaaboun said Tuesday at a news conference in Rabat. The fund is part of a stimulus package of 120 billion dirhams ($12.8 bln) unveiled by King Mohammed VI at the Throne Day […]

Morocco: World Bank anticipates growth of 1.1% in 2022 & 4.3% in 2023

Moroccan economic growth is expected to reach 1.1 pc this year before rebounding to 3.4 pc in 2023, says the World Bank in its latest updated forecast. The WB says growth in Morocco is projected to slow to 1.1% in 2022 as agricultural output declines by 17.3% due to the drought. The economy is projected […]

Morocco-Spain ties experience best era ever- Spanish FM

Morocco and Spain have created the best climate ever for the development of their bilateral ties, Spanish foreign minister José Manuel Albares said. The two countries are reaping the benefits of the momentum launched by the joint declaration of 2022, signed by King Mohammed VI and Prime Minister Pedro Sánchez, Albares recalled at the Spanish […]