IMF Managing Director, Christine Lagarde, commended Morocco for the “genuine” budgetary and sectoral reforms it has undertaken to balance its finances. The IMF head told the press on the sidelines of the annual meetings of the IMF and the World Bank that Morocco has used its credit line to carry out fiscal and structural reforms. […]
The security agents of the Tangier-Med port foiled on Friday an attempt to smuggle in 6,000 ecstasy pills which were found inside a truck-trailer coming from a neighboring European country. A 50-old man was arrested in connection with this anti-smuggling operation. He was captured after his arrival on board a boat coming from Spain, said […]
Morocco’s trade deficit shrank 6.5% as the country’s energy imports dropped 20%, Morocco’s foreign exchange office said. Energy imports stood at 69 billion dirhams, offsetting a drop in phosphates and fertilizers exports by 40% to 40.8 billion dirhams, due to lower prices. State-owned phosphates and fertilizers producer said a few days ago its sales were […]
