Morocco officially exits Financial Action Task Force gray list

The Financial Action Task Force (FATF) has decided, unanimously by its members, to remove Morocco from the gray list, during the FATF General Assembly, held in Paris on February 20-24, 2023, the Department of the Head of Government announced Friday. “The Financial Action Task Force (FATF) decided, unanimously by its members, to remove the Kingdom […]

Morocco: $265 mln Injected in Solar Project in Atlas Mountains

The achievement of the solar energy project in Midelt, in the Middle Atlas mountainous range, took a leap forward with a loan from the African Development Bank (AfDB) worth $265 million. Moroccan news outlets reported that the funding will help push forward the completion of the first phase of Noor Midelt project, which will have […]

Morocco begins gradual cooking gas subsidies cut

Following targeted cash-handouts to needy households, Morocco has cut by 10 dirhams the subsidized price of a cooking gas cylinder, in a move that will alleviate the subsidies burden. The decision- that entered into force on May 20- marks the first subsidies cut in a gradual process that aims at breaking away with general subsidies. […]