Creditors of Morocco’s sole refinery, Samir, are putting on the table the alternative of converting the massive 43-billion-dirham debt ($4.55 billion) into shares, a move that entails giving creditors a say in the board of trustees, Moroccan media reported on July 11. After an appeals court in Casablanca upheld a ruling placing the refinery into […]
The International Monetary Fund has vowed to remain closely engaged with Morocco as the authorities address the impact of the coronavirus pandemic. This came in a communiqué issued by the IMF confirming that the North African country drew the $3 billion available resources under the arrangement. The authorities will use funds purchased under the PLL […]
Iran is infiltrating North Africa and Sahel through using malign actors such as the Algeria-backed Polisario separatist to sow instability in the region, Morocco’s representative to the UN Omar Hilal said. The comment came in response to a question on Morocco’s reaction to news claiming that Polisario has acquired Iranian drones. “After destabilizing Yemen, Iran […]
