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Morocco to treat IMF credit line as precautionary
Morocco will continue to consider the IMF flexible credit line of $5 billion as precautionary and would only draw on it in case of external shocks like the Covid-19 pandemic, Morocco’s finance ministry said. The credit line is only granted to countries with sound macroeconomic and financial fundamentals and would add to Morocco’s credibility in […]
Spain’s Canaries see surge in deaths on top West African migration route via Mauritania
Mauritania has overtaken Senegal as the main departure point for those taking on the perilous Atlantic crossing to the Spain’s Canary Islands, during which more than 5,000 people died in the first five months of this year. 95% of migrants who try to reach Spain by sea do so on Atlantic Ocean crossings from West […]
Spain’s TSK to start works in Noor Midelt 1 in automn 2019
The consortium that won the bid to build Noor Midelt 1, a 800 MW solar plant, has signed with Spain’s TSK to start works in late 2019. The consortium composed of French EDF Renewables, UAE’s Masdar and Morocco’s Green of Africa said that the plant will be operational by 2022. Noor Midelt 1, worth $780 […]



