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Morocco, IMF negotiate new liquidity line

Morocco and the IMF are in the early stages of negotiating a flexible liquidity line as a precaution against external shocks, including imported inflation. The news was unveiled by central bank governor Abdellatif Jouahri earlier this week and confirmed later by IMF representative to Morocco Roberto Cardarelli, who said Morocco was seeking a flexible credit […]

Security Council calls for national, regional, international support to West Africa, Sahel

The Security Council, expressing concern about security and humanitarian challenges in West Africa — as well as the potential of the COVID-19 pandemic to exacerbate existing fragilities —adopted a presidential statement calling for national, regional and international support for countries of the region. In a statement issued by Christoph Heusgen (Germany), Council President for July, […]

Moroccan Banks Respond to Algerian FM’s Defamatory Statements

Following the verbal blunders uttered by Algerian Foreign Minister, Abdelkader Messahel, who blatantly accused Moroccan banks of laundering cannabis money in Africa, the Professional Grouping of Moroccan Banks (GPBM) released a statement rejecting such accusations as “hateful and irresponsible”. The diatribe against Morocco that the Algerian Foreign Minister shamefully made during a meeting at the […]