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Morocco sets up $1 billion special fund for management of Coronavirus pandemic

Morocco will set up a $1 billion (10 billion DH) special fund for the management of the Coronavirus pandemic. The Royal Office said in statement issued this Sunday that King Mohammed VI gave his high instructions to the government “to create immediately a special fund dedicated to the management of the Coronavirus pandemic.” “The earmarked […]

Amnesty International Slams Algeria for Repression of Women’s Rights Groups

Amnesty International has denounced the Algerian authorities’ decision to shut down the offices of two prominent women’s rights organizations, FARD (Femmes Algériennes Revendiquantleurs Droits) and AFEPEC (Association Féministe pourl’Épanouissement de la Personne et l’Exercice de la Citoyenneté). “The targeting of these women’s groups is a shameless attack on the right to freedom of association and […]

EBRD Supports Moroccan Small Businesses With €9.7 Mln Loan

The European Bank for Reconstruction & Development has approved a €9.7 Million loan to Fondation Albaraka, one of the largest microfinance institutions in Morocco for on-lending to local micro enterprises. Access to finance through banks remains extremely limited for micro, small and medium-sized enterprises (MSMEs) in Morocco. The EBRD funds will offer much-needed support for […]