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IMF: Morocco gets $5 Bln credit line to enhance its economic resilience & external buffers

The International Monetary Fund (IMF) decided on Monday to provide a $5 billion precautionary flexible credit line (FCL) to Morocco to enhance the country’s external buffers, and support its economic resilience and structural reforms. Ms. Antoinette Sayeh, IMF Deputy Managing Director, said : “Morocco’s very strong macroeconomic policies and institutional framework have allowed its economy […]

Lufthansa to Launch Direct Flights to Agadir

Lufthansa announced that it will launch two weekly flights linking Munich and Frankfort to Agadir starting from autumn 2018. The flights will be available every Monday and Saturday from Frankfort and on Sundays in Munich, the company said on its website. The air route will be operated by A320 aircrafts with a tariff starting with […]

King Mohammed VI: Morocco Wishes to Return to African Union if Legality Restored

Morocco expressed willingness to return to the African Union and to regain its place within its institutional family if legality is restored and mistakes are corrected. The wish was expressed by King Mohammed VI in a message he sent Sunday to the 27th Summit of the African Union, held in the Rwandan capital, Kigali, confirming […]