The World Bank announced a $350 million program to support wide-ranging reforms of financial intermediation in Morocco, including new sources of financing for small and medium enterprises (SMEs). The loan also aims at improving the regulatory oversight of the banking sector and supporting the capital market development by broadening the range of instruments and strengthening […]
Fitch Ratings has affirmed Morocco at ‘BBB-‘ rating and revised the Outlook on country’s Long-Term Foreign-Currency Issuer Default Rating (IDR) to negative. The global rating agency explained the negative outlook by the impact of the coronavirus pandemic on the Moroccan economy which will experience the sharpest GDP contraction in 25 years, besides a marked increase […]
Morocco’s geographic location, political stability and promising macroeconomic indicators, coupled with its longstanding ties with African countries and increasing investments in the continent make it an attractive partner for countries willing to invest in Africa, such as Japan, which has just convened a summit with African leaders pledging largescale investments in infrastructure. Japan sees in […]
