BAFT

Morocco: Government to raise its budget by 6.3% in 2024

The Moroccan government has increased its general budget by 6.3% to about 62 billion dollars to meet increasing spending on social safety nets, earthquake reconstruction, job creation, and economic development. Speaking to members of Parliament, Finance Minister Nadia Fettah Alaoui said the government will also increase its public investment budget by 35 billion dirhams to […]

Morocco-India to Open Casablanca-New Delhi Air Route

Moroccan and Indian authorities are preparing the launch of the Casablanca-New Delhi air route as part of an effort to bolster business and tourist ties, a diplomatic source told le360.ma. The air link will be operated by Morocco’s and India’s flag carriers, Royal Air Maroc (RAM) and Air India, the news portal said. The two […]

World Bank approvres $350 million financing for Morocco’s water program

The World Bank has approved a $350 million results-based financing program to support Morocco implement its National Program for Drinking Water Supply and Irrigation (PNAEPI 2020-2027) in the framework of the 30-year National Water Plan (PNE, 2020-2050). Launched in 2020, PNAEPI aims to improve water security by accelerating investments in the sector and strengthening the […]