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Moroccan lower house approves 2023 budget bill

Moroccan MPs gave go-ahead to the 2023 budget law that aims to foster the well-fare state, cut the fiscal deficit and promote investment in a difficult international context marked by the impact of imported inflation and the repercussions of climate change and drought. Drought and inflation have both dipped Morocco’s growth forecast for 2022 to […]

Morocco’s Ismahane Elouafi appointed as FAO’s Chief Scientist

Morocco’s Ismahane Elouafi was appointed Chief Scientist of the Food and Agriculture Organization (FAO), a newly created post by the UN agency. FAO Director General Qu Dongyu announced Ismahane Elouafi’s recent nomination at the 35th session of the FAO regional conference for the Near East and North Africa (NENA) region. The creation of the new […]

Morocco’s Central Bank keeps key interest rate unchanged at 2.25%, expects 4.6% Growth in 2025

Morocco’s Central bank has decided to maintain its key interest rate unchanged at 2.25 %, while continuing to strengthen the measures aimed at easing financing conditions for businesses, especially very small enterprises (VSEs). The decision was made Tuesday by the Bank’s board after having analyzed national and international economic developments and reviewed medium-term macroeconomic projections. […]