Moroccan Ministers of Industry & Finance Lalami & Benchaaboune with French Economy Minister Bruno Le Maire

Morocco’s Central Bank expects economy to shrink -5.2%, cuts rates to release liquidity

Morocco’s central bank cut the key interest rate from 2% to 1.5% to shore up the economy and reduced the reserve requirement for banks to 0% to release more liquidity. The Bank revised downwards its forecasts for 2020 to -5.2%, the lowest rate since 1996, compared with 2.5% in 2019, as the coronavirus impact and […]

Moroccan industry posts record revenue and investment surge in 2024

Morocco’s industrial sector marked a historic breakthrough in 2024, generating 898 billion dirhams in revenue and achieving a record 30% increase in investment, industry and trade minister, Ryad Mezzour said. Speaking at the presentation of the Industry barometer, Mezzour said 2024 was “a decisive turning point” in Morocco’s industrial development. He emphasized the sector’s growing […]

Morocco: Accountability Matters, Impunity Bygone

As in all democracies wherein ministers and senior officials are held accountable for their failures, King Mohammed VI sacked on Tuesday four ministers following delays in development programs in the country’s northern region. The ministers of education, health and housing as well as a secretary of State of professional training were fired after the King […]