morocco-FDIs-Africa

IMF secures $330m debt relief for Somalia

The International Monetary Fund (IMF) says it has secured more than $330m in debt relief for Somalia. The African nation has about $5 billion in external debt, accounting for about 100% of its GDP, which the Fund has declared to be unsustainable. The $330m brings the country a crucial step closer to receiving forgiveness for […]

World Bank-Morocco Partnership Gaining Momentum

The partnership set between the World Bank and Morocco is constantly evolving and gaining momentum thanks to constant dialogue, better coordination and shared socio-economic development vision. WB Managing Director of Operations, Axel van Trotsenburg, who is currently visiting the country, said the Bank will continue to support the efforts made by the North African country […]

King Mohammed VI’s August 20 Speech Hailed Abroad as a Message of Peace, Tolerance

Several foreign officials and media outlets have highlighted the importance and timeliness of the speech delivered by Morocco’s king Mohammed VI on the 63rd anniversary of the Revolution of the King and the People, wherein he called on monotheists to pool efforts to fight the scourge of terrorism, which is sparing no community and no […]