Morocco’s pioneering role and exemplary record in the sector of green energy have been highlighted by US news website “RealClear Defense” which pointed out that the North African Kingdom has risen to the challenge of green energy at a time when the insidious but ongoing crisis generated by climate change arguably puts the entire globe […]
Emerging Markets
Forbes Africa highlights Morocco’s economic miracle, its commitment to co-development
Forbes Africa magazine highlighted, in its February-March edition, Morocco’s economic model and its commitment to co-development and shared prosperity on the continent. In a special report entitled “Morocco: Unlocking Opportunities at The Crossroads of Continents,” the magazine sheds light on the Kingdom’s achievements in key sectors with high added value for Morocco as well as […]
Morocco’s trade deficit shrinks in 2023 following record exports
Morocco’s trade deficit shrank 7.5% in 2023 thanks to a record performance by the tourism and automotive sector and higher remittances from Moroccans abroad. The deficit stood at 286 billion dirhams following a drop in imports to 715 billion and an increase in exports to 429 billion dirhams. The drop in the import bell was […]
Morocco & Gambia discuss military cooperation & exchange of experiences
Morocco and the Gambia have discussed ways of strengthening cooperation in military training and the exchange of experiences in matters of defense. During a meeting held Monday in Rabat, Inspector General of Royal Armed Forces, Commander of the South Zone Lt. General Mohamed Berrid and visiting Maj. General Mamat OA CHAM, Chief of Defense Staff […]
Rabat hosts high-level ministerial conference on middle-income countries
Rabat is hosting this Feb. 5-6 the high-level ministerial conference on middle-income countries under the theme “Solutions to Address Development Challenges of Middle-Income Countries in a Changing World.” The conference is attended by 32 countries, including many represented at ministerial level, and 23 United Nations development agencies and other international and regional institutions. Morocco is […]
West Africa’s ‘Brexit’: Mali stays with regional currency zone, Burkina Faso weighs exit
Mali has said it has no intentions of leaving West Africa’s currency zone, while Burkina Faso has hinted at its possible withdrawal after they, along with Niger, announced their departure from the region’s political bloc ECOWAS as a form of protest. In a blow to hard-fought regional integration, late January, the military governments of Burkina […]
IFC to help Crédit du Maroc Bank facilitate development of SMEs, women’s entrepreneurship, green projects
The International Finance Corporation (IFC) will help Crédit du Maroc Bank facilitate the development of small and medium-sized enterprises (SMEs), women’s entrepreneurship, and green projects with a $100 million financing package. This agreement is in line with IFC’s strategy in Morocco, which aims to support private sector-led economic growth and job creation by promoting the […]
Morocco’s central bank alerts to climate change impact on monetary policy
Central Bank governor Abdellatif Jouahri warned of the impact of climate change on monetary policy and said the bank was working with the government on a strategy on combating climate change and mitigating its impact. Climate change “affects growth, employment and inflation, the main variables on which monetary policy decisions are based. Besides, climate-related […]
Morocco Launches UNDP’s Green Growth and Jobs Accelerator Project
Morocco has launched this week the Green Growth & Jobs Accelerator Project (GGJAP), a program initiated by the United Nations Program for Development (UNDP). This program, a partnership between the UNDP Regional Office for the Arab States, the Danish-Arab Partnership Program (DAPP) and the UNDP Nordic Representative Office, covers four countries, namely Morocco, Tunisia, Egypt, […]
UNOG Permanent Representatives hail development momentum in Morocco’s Southern Provinces
A delegation comprising 14 permanent representatives to the United Nations Office in Geneva undertook this week a tour of the Southern Provinces of Morocco. On this occasion, they bear witness to the distinctive development of this part of Moroccan territory. The visit of these ambassadors to the southern provinces highlights Morocco’s determination to showcase its […]