North Africa Post
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Emerging Markets Finance Headlines Morocco

Morocco rules out drawing on IMF credit line, eyes gradual currency reform

North Africa Post

Morocco has no plans to tap funds available under its Flexible Credit Line (FCL) arrangement with the International Monetary Fund, Finance and Economy Minister Nadia Fettah Alaoui said. The IMF approved a new two-year FCL agreement for Morocco on April 2, 2025, worth 3.45 billion Special Drawing Rights (SDRs), or about $4.5 billion, replacing a […]
Europe Headlines International Maghreb Morocco

Sahara: Autonomy Plan, “Serious & Credible” Approach (Greek FM)

North Africa Post

Greek Foreign Minister Nikos Dendias labeled on Wednesday Morocco’s autonomy plan as a “serious and credible approach” for the resolution of the Sahara issue. Athens “deems the Moroccan autonomy plan for the Sahara, submitted to the United Nations, as a serious and credible approach to reach a solution” to this regional conflict, said Mr. Dendias […]
Asia Business Headlines International Morocco

Morocco receives 111k Tons of grains under Black Sea Initiative

North Africa Post

Morocco was among the countries that benefited from the resumption of grain shipments from Ukraine receiving so far 111.1K tons of grains, according to UN data. The Black Sea Initiative was agreed between Russia and Ukraine following Turkish and UN mediation in 2022 to help secure safe food shipments, notably cereals. Russia however said it […]