Morocco EU flags

Egypt Adds Multi-billion Dollar “Social Package” to Budget

As Egypt’s fiscal year for 2017-2018 will be commencing on July 1, the Finance Ministry has announced that a “social package” aimed at easing the pain of the ongoing austerity measures will be included in the budget. More than 90% of the citizens will benefit from the package through food subsidies, tax breaks and increment […]

King Mohammed VI spearheads Morocco’s renewable energy transformation

seventeen years after Morocco announced its plan to rely on renewable energies for electricity production, the country has offered a model of hope for countries who are burdened by fossil fuel, thanks to large scale solar, wind, and green hydrogen projects launched under the leadership of King Mohammed VI. Morocco has increased its renewable energy […]

World Bank approves $450 mln loan to help Morocco improve access to financial services

The World Bank approved a $450 million loan to support Morocco’s reforms to expand the availability of financial services and digital infrastructure for individuals and businesses, as well as improving financial inclusion and digital entrepreneurship. The loan seeks to deepen reforms aimed at boosting the financial resilience of households and micro-, small-, and medium-size enterprises […]