First Independent Mena Newspaper
The United States government has granted Morocco $670,000 (6.6 millionDH) to respond to the outbreak of the novel coronavirus (COVID-19), announced the US embassy in Rabat. The funds are provided by the Emergency Reserve Fund for Contagious Infections Diseases at the US Agency for International Development (USAID), said the embassy in a statement. […]
Pressure exerted on Morocco’s current account deficit (CAD) and external finances have increased significantly due to the COVID-19 pandemic global shock, Fitch Ratings says. However, the North African country has buffers to manage increased pressures, including recently displayed willingness to adjust the flexibility of the exchange rate regime, adds the international rating agency. Disruptions to […]
Moroccan pension fund CNSS will start distributing a monthly compensation to the people who lost their jobs due to the consequences of coronavirus. Since Morocco imposed a quarantine and banned all travel, many employees of the tourism sector, services and non-essential sectors lost their jobs or were unpaid. The economic monitoring committee said the people […]
Head of the Moroccan government Saad Eddine El Otmani asked all public sector administrations to put off hiring new employees until the end of the coronavirus crisis. In a sign of austerity measures, El Otmani also ordered in a letter delaying all promotions planned in the current budget. The Prime minister said that the job […]
To prevent the spread of the coronavirus and avoid any political exploitation of food donations, Moroccan authorities have decided to supervise this operation in order to maintain public order and protect the health of citizens. Thus, philanthropists wishing to make such donations should get in touch with local authorities in their regions to arrange for […]
African Finance Ministers have called for a coordinated COVID-19 response to mitigate the adverse impact of the pandemic on economies and society, noting that Africa needs an immediate emergency economic stimulus of $100 billion. The ministers, who met on 19 March in a virtual conference to exchange ideas on the efforts of their respective governments […]
Following the disruptions caused by the coronavirus pandemic in agricultural production in Spain, Italy and Portugal, European shoppers are rushing to buy Moroccan fruits and vegetables, which have become hot commodities. Due to lack of farm workers in Spain, main supplier of the European market, demand has spiked in recent days for Moroccan agricultural products […]
The European Union will send €20 million in humanitarian aid to Iran which is subject to US sanctions and struggling with the Coronavirus pandemic. The announcement came from the bloc’s foreign policy chief Josep Borrell in a video news conference on Monday. “We’ve not been able to provide a lot of humanitarian help but there […]
The International Monetary Fund will shortly disburse $400 million to support Tunisia in its fight against the Coronavirus pandemic. The announcement was made by Finance Minister Nizar Yaich on a private radio station. This sum of money will be disbursed in the coming two to three weeks, he added. IMF Managing Director Kristalina Georgieva said […]
As part of efforts made by Morocco to fight the proliferation of the novel coronavirus (COVID-19) and the measures adopted under the state of emergency that went into effect Friday, March 20, it has been decided to suspend the publication and distribution of print dailies and magazines. The new measure went into effect from […]