First Independent Mena Newspaper
The European Union has contributed up to one million euros to a twinning project between French and Tunisian public television with the aim of modernizing the North African country’s state-run television, Business News reports. The project to span over 24 months aims chiefly at backing the modernization of Tunisia’s public media in line with the […]
Despite the coronavirus crisis impact, Morocco maintains macroeconomic stability, low inflation and a relatively comfortable level of foreign exchange reserves that act as external liquidity buffers, Fitch Ratings said. The agency affirmed Morocco’s long-term foreign-currency issuer default rating at ‘BB+’ with a Stable Outlook. Fitch Ratings however expects the government’s budget deficit to stand at […]
The African Development Bank will grant Morocco nearly one million US dollars intended to support efforts to improve the business climate and to strengthen the country’s resilience in the face of COVID-19 economic crisis by accelerating the country’s post-pandemic recovery. The grant agreement was signed Monday by Morocco’s Ministry of Economy & Finance and […]
Tunisia has officially asked the IMF for a new program to back up the economic reforms to alleviate the strain on public finances. The Tunisian government agreed an economic reform package with powerful labor union UGTT at the end of last month that tackles subsidies, taxes and state firms, and which was seen as opening […]
Journalist Hafsa Boutahar who has accused her colleague Omar Radi of rape has seen her rights denied and deplored the double standards shown by patriarchal rights activists in Morocco and abroad as well as the biased solidarity with the man whom she said has assaulted her. Moroccan rights NGOs, particularly AMDH, and French media have […]
The African Development Bank (AfDB) has earmarked €300 million for the Moroccan Railways Office (ONCF), that financed the project meant to increase the capacity of the Tangier-Marrakech railways axis, said the AfDB in a press release. Thanks to this financing coupled with technical assistance, the AfDB supports the modernization of the railways sector in Morocco […]
The Managing Director of the International Monetary Fund (IMF), Kristalina Georgieva, has congratulated Morocco for the progress made in COVID-19 vaccination, as well as for its anticipatory strategy aimed at mitigating the effects of the health crisis and ensuring economic recovery. At a virtual meeting held on Friday with Minister of Economy & Finance […]
Morocco has officially become an “associated country” of the European Union’s “Horizon Europe,” a key funding program for research and innovation within the framework of sustainable development. “Horizon Europe” is part of the 2021-2027 EU’s program, and will have a total global budget of €95.5 billion (MAD 1 trillion). According to the European Commission, […]
As did the US administration, many departments and agencies and US-based organizations recently, the International Monetary Fund (IMF) has also used the undivided map of Morocco in the graphics of its latest global growth forecast, reports moroccoworldnews news outlet. The IMF appears to have now brought its map graphics in-line with US foreign policy […]
The President of the World Bank Group (WB) David Malpass has welcomed Morocco’s proactive and anticipatory strategy to mitigate the effects of the health crisis. During a meeting held via videoconference with Minister of Economy & Finance Mohamed Benchaaboun, on the sidelines of the IMF/WB spring meetings, Malpass highlighted the readiness of the Bank to […]