First Independent Mena Newspaper
Managing Director of the IMF, Christine Lagarde, has hailed the performance of the Moroccan economy and reaffirmed the support of the International Monetary Fund to the efforts made by the country to speed up reforms to promote a stronger and inclusive growth. The remarks were made at a meeting held in Washington with Moroccan economy […]
Fitch Ratings has affirmed Morocco’s long-term foreign-currency Issuer Default Rating (IDR) at ‘BBB-‘ with a stable outlook, praising the country’s macroeconomic stability, its comfortable external buffers and low share of foreign-currency debt in public debt. The credit rating agency projects Morocco’s deficit at 3.7 pc of GDP in 2019 and 3.5 pc in 2020, saying […]
The World Bank unveiled a new plan Thursday to help African countries strengthen their human capital, setting ambitious targets to be achieved in the region by 2023. The objective of the plan is to enable Africa’s young people to grow up with optimal health and equipped with the right skills to compete in the digitizing […]
Ghana has signed a $180 million agreement with Exim Bank of India to finance a drinking water supply project in the northern part of the country. The loan, bearing a 1.5% interest rate, will be repaid over a 25-year period. The money will be invested in drinking water supply projects. The project includes the construction […]
Cooperation between Morocco and Chad is gaining momentum and serving the interests of the two African countries, said on Thursday Chadian minister of Mining, Industrial & Commercial Development Ahmat Mahamat Bachir. He made the remarks after his meeting in Rabat with secretary of State for Investment Othman El Ferdaous. Mr. Bachir described Morocco as an […]
Morocco is reaping the diplomatic benefits of its south-south cooperation approach and multi-layered African policy capitalizing on soft power. The return to the African Union after more than three decades of absence was a point of inflection showing the Kingdom’s growing clout notably in West Africa, a region in which Moroccan banks and companies have […]
The African Court of Mediation and Arbitration, CAMAR by its French acronym, has just opened in Marrakech, Morocco. It will intervene to settle disputes involving Africans at the continental level. The project to set up CAMAR was finalized at a constitutive congress held in Marrakech, on April 5. The Court, the first of its kind […]
Morocco and the Islamic Development Bank (IsDB) have sealed a new partnership program focusing on inclusive economic development, competitiveness, exports and jobs creation. The four-year action plan (2019-2022) was sealed this weekend in Marrakech on the sidelines of the 44th annual meeting of the IsDB. It was inked by President of IsDB Group Bandar Hajjar […]
King Mohammed VI has urged the Islamic Development Bank to help its member countries to diversify their economies and stimulate the private sector, a growth engine and a source for the creation of wealth. In a message to the 44th annual meeting of IDB Group, convening in Marrakech (April 5-6), the Moroccan Sovereign said most […]
The roadmap for the promotion of vocational training in Morocco has been presented to King Mohammed VI at a meeting he chaired Thursday in Rabat. The roadmap provides inter-alia for the setting up of “des cités de métiers”, platforms of professions and skills, in each of the twelve regions of the Kingdom. The Cities will […]