mauritania

IMF hails resilience of Morocco’s economy to recent shocks

The International Monetary Fund has praised the resilience shown by Moroccan economy to challenging external conditions. Despite water scarcity, the September 2023 earthquake, and country’s economic activity picked up to 3 % in 2023 thanks to strong exports and a rebound of domestic demand In a press release issued Wednesday, the Fund’s Executive Board, which […]

State fund CDG estimates coronavirus toll on economy at $5.4 bln

State fund CDG said that the losses due to coronavirus could amount to $5.4 billion (54 billion dirhams) with Morocco expecting a recession in 2020. The study was based on the hypothesis of a four-month-long crisis and a gradual resumption of activity by July 2020. It expects agricultural production to contract by 6% with only […]

Libya: High Council of State hails outcome of MPs consultative meeting of Tangier

Libya’s High Council of State has praised the outcome of the consultative meeting of members of the Libyan House of Representatives, held in the Moroccan city of Tangier Nov. 23-28 with the participation of 123 MPs representing various political parties, trends and groups.   The Council commended, in a press release, the decision to convene […]