Fitch solutions

Fitch gives Morocco ‘BB+’ rating with stable outlook

Fitch agency has awarded Morocco ‘BB+’ rating consolidated with a stable outlook thanks to the country’s sound macroeconomic policies that has supported resilience to shocks, a favorable debt composition and a comfortable external liquidity buffer. Economic growth slowed in 2022 to 1.2% from 7.9% in 2021, as agricultural output contracted by 15% due to a […]

Morocco set to unlock Sahara’s maritime potential – King says

King Mohammed VI expressed firm commitment to make the Sahara an engine of development at the regional and continental levels through, inter alia, tapping into its maritime potential. In this respect, “Morocco has this year completed the demarcation of its maritime boundaries and incorporated them into its legislation, in keeping with international law,” said the […]

Morocco stores 50 million masks for post-confinement

Morocco has amassed a reserve of 50 million masks to make sure there are enough to meet the domestic market’s demand after easing the coronavirus lockdown, Industry and Trade Minister Moulay Hafid Elalamy said. Speaking to MPs Monday, Elalamy shed light on the progress of Moroccan industry in making anti-coronavirus clothing and equipment as well […]