IMF Director: Price stability is a basic condition to achieving growth; WB President eyes longer, cheaper loans

Managing Director of the International Monetary Fund (IMF) Kristalina Georgieva said on Friday that price stability is “is a prerequisite for growth and it protects people, especially the poor.” This means the fight against inflation remains paramount. In her address at the plenary session of the 2023 annual meetings of the World Bank and the […]

Morocco’s GDP per capita more than doubles in twenty years

Morocco’s gross domestic product per capita more than doubled in the last two decades of the reign of King Mohammed VI who made of fighting poverty a priority. The GDP per capita grew from 1460 dollars twenty years ago to about 3090 dollars currently, according to World Bank figures. Poverty rate dropped to 4% of […]

OIC summit: King Mohammed VI underscores relevance of Atlantic initiative

King Mohammed VI highlighted the relevance of Morocco’s Atlantic initiative that aims at promoting regional integration by offering landlocked Sahel countries access to the Atlantic and global trade. This came in a speech read on the King’s behalf before the 15th Summit of the Organization of Islamic Conference (OIC), held in Banjul April 4-5. In […]