The United Nations Security Council extended the mandate of the UN mission in the Sahara, MINURSO, for one year, while enshrining, once again, the preeminence of the Moroccan autonomy initiative to resolve the regional dispute. The renewal of the MINURSO mandate came in Resolution 2654, adopted Thursday by the UN Security Council. The Security Council […]
The Economic Community of West African States (ECOWAS) has reaffirmed its commitment to launching the Eco currency by 2027, a key step in advancing regional economic integration and financial stability. The ambitious currency project, which aims to unify the economies of 15 West African countries, was discussed at the recent 11th ECOWAS Convergence Council meeting […]
Despite the coronavirus crisis impact, Morocco maintains macroeconomic stability, low inflation and a relatively comfortable level of foreign exchange reserves that act as external liquidity buffers, Fitch Ratings said. The agency affirmed Morocco’s long-term foreign-currency issuer default rating at ‘BB+’ with a Stable Outlook. Fitch Ratings however expects the government’s budget deficit to stand at […]
