The Bankers Association for Finance and Trade (Baft) has launched earlier this June a regional Africa council, bringing together senior banking leader...
Covid-19: World Bank lends Morocco $48 Mln to enhance health services
The World Bank has approved a $48-million loan to Morocco to enable the country mitigate the impacts of the coronavirus pandemic which has so far infe...
Moroccan employers happy with interest rate cuts
Head of Moroccan employers association (CGEM) Chakib Alj said the key interest rate and reserve requirement cut to 1.5% and 0% respectively are conduc...
Morocco’s Central Bank expects economy to shrink -5.2%, cuts rates to release liquidity
Morocco’s central bank cut the key interest rate from 2% to 1.5% to shore up the economy and reduced the reserve requirement for banks to 0% to releas...
AMF supports Morocco’s public finance sector reform with a new $211 million loan
The Arab Monetary Fund has extended Morocco a new $211 million loan, within the framework of the Structural Adjustment Facility, to support a reform p...
France donates Tunisia €80m to tackle fallout from covid-19
France Monday offered Tunisia a €80 million check to help the North African country tackle the covid-19 pandemic which has infected 1,087 and killed 4...
Morocco supports EU Coronavirus Global Response with €3 million
Morocco, which is one of the 15 partner countries from outside the EU of the Coronavirus Global Response campaign launched by the European Commission,...
COVID-19: EU contributes €157 million to Morocco’s special fund, pledges more grants by year’s end
The European Union transferred a grant of €157 million (MAD 1.7 billion) to Morocco on Monday, May 26, to help the country in its response to the COVI...
COVID-19: AfDB supports Morocco with €264Mln Financing
The African Development Bank (AfDB) approved on Wednesday in Abidjan a €264 million financing to Morocco, as part of its COVID-19 response support pro...
COVID-19: IBRD grants Tunisia €18.3m loan
The International Bank for Reconstruction and Development, IBRD, has lent Tunisia €18.3 million earmarked for the fight against the COVID-19 health cr...