African Development bank

Moody’s underscores Morocco’s resilience to domestic and external shocks

Credit rating agency, Moody’s, highlighted Morocco’s resilience to domestic and external shocks despite coronavirus propelling fewer tourists and exports which it said will be offset by lower energy imports. It maintained Morocco’s credit profile at Ba1 stable reflecting “demonstrated resilience to domestic and external shocks,” and buoyed by access to relatively deep domestic capital markets. […]

Morocco, Spain vow to protect rights of seasonal workers

Morocco and Spain promised to protect the rights of Moroccan female seasonal workers who travel every year to the region of Huelva to work in strawberry fields. In 2018-2019 season they were 14,583 who worked in Huelva in an operation lauded in a joint Moroccan-Spanish statement as “successful.” This form of regular migration was “beneficial […]

Japan, Morocco to conclude tax Convention

Japan and Morocco have agreed in principle on a tax convention that will promote further mutual investments and economic exchanges between the two countries, announced the Japanese Foreign Ministry on its website on Tuesday. The Convention includes provisions for the purposes of clarifying the scope of taxation in the two countries, eliminating international double taxation […]