Fitch Ratings has released a note recognizing the impact of the earthquake on Morocco’s fiscal deficit while reassuring remittances from Moroccans abroad and the IMF’s credit lines would offset liquidity concerns. The earthquake that struck late on September 8 killed some 3000 people and destroyed nearly 60,000 homes in the High Atlas Mountains. Morocco has […]
The Arab Fund for Economic and Social Development (AFESD) has extended Morocco two loans totaling 72 million Kuwaiti dinars (about 2.27 bln MAD) to help finance two projects. The loans will finance the rehabilitation of the Mohammed V dam in eastern Morocco, and the construction of the Laayoune expressway bypass in the South. The first […]
Two unlikely territories and the world’s most diplomatically elected governments — Taiwan and Somaliland — are deepening economic and political ties, but all too often, Taipei looks the other way as its formal partners commit human rights abuses, notes a recent analysis published by The Diplomat. Two of the world’s most diplomatically isolated governments are […]
