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Rashmi Chowdhary, Morocco’s 1st Honorary Consul in Calcutta

Indian businesswoman Rashmi Chowdhary has become Morocco’s first honorary consul taking office in Calcutta, capital of the Indian State of West Bengal. Mrs. Chowdhary has started her new job in the consulate which has been inaugurated during a ceremony attended by Moroccan ambassador to India Mohamed Maliki, several local business leaders, representatives of finance corporations, […]

EBRD supports Egypt with €183m to help generate 1.3 GW of renewables

The European Bank for Reconstruction and Development (EBRD) will support the Egyptian Electricity Transmission Company (EETC) with $183 million to finance the modernization of the electricity grid by injecting renewable energy and strengthen the transmission network in the country. The EBRD funds will facilitate the integration of 1.3 GW of new renewable energy into the […]

IMF Confirms Morocco Qualification for PLL

The Executive Board of the International Monetary Fund (IMF) has completed its 3rd and last review of Morocco’s economic performance under a program supported by a two-year Precautionary and Liquidity Line (PLL) arrangement, and reaffirmed Morocco’s continued qualification to access PLL resources. The current two-year PLL arrangement in an amount equivalent to SDR 3.2351 billion […]