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Morocco Gets $150 Mln additional WB funding to improve public transport

The World Bank approved on Tuesday a $150 million funding in additional financing for Morocco’s Urban Transport Program, which seeks to improve the performance and the quality of public transport services. The additional funding will enable Morocco to adapt its program to address new priorities of mobility, including those related to the impact of covid-19 […]

Morocco-chaired G77 Vienna Chapter insists on multilateralism to fight Drug Scourge

The G77 Vienna Chapter, whose chairmanship is held by Morocco, reaffirmed Monday that the fight against the global scourge of drugs is a common and shared responsibility that should be assumed in a multilateral framework through an effective, concrete and increased regional, sub-regional and international cooperation. This cooperation needs to be based on an integrated, […]

Morocco to introduce secondary market for non-performing loans

Morocco’s central bank has prepared a draft law that would set up a secondary market in which non-performing loans, currently at 9.8 billion dollars, can be sold, in a move that will boost banks’ liquidity. The news was announced by director general of the central bank, Bank Al Maghrib, Abderrahim Bouazza, who said non-performing loans […]