First Independent Mena Newspaper
The International Monetary Fund has vowed to remain closely engaged with Morocco as the authorities address the impact of the coronavirus pandemic. This came in a communiqué issued by the IMF confirming that the North African country drew the $3 billion available resources under the arrangement. The authorities will use funds purchased under the PLL […]
King Mohammed VI gave instructions to the Ministry of Endowments and Islamic Affairs to exempt from rent the tenants of endowment premises intended for trade, business, services or housing, during the period of confinement because of COVID-19. King Mohammed VI, Commander of the Faithful and Supreme Nadher of the Waqfs, decided to exempt from […]
Several Moroccan companies have converted their production chains to make personal protective gears (facemasks/shields, gloves…) and even ventilators to help combat the shortage due to the coronavirus pandemic. Sensing the urgent needs, some companies worked night shifts to scale up the country’s daily production of face-masks to over 3.3 million, while other firms such as […]
Morocco is about to tap into a $3 billion precautionary liquidity line, offered by the IMF in 2018 to help the country face external shocks, Moroccan media reported. The Moroccan government removed the limit on foreign debt on Monday in order to meet its financing needs amid a rise in expenditures and a drop in […]
Morocco is mobilizing all its medical resources and infrastructures to expand its Covid-19 treatment capacity and provide more ICU beds, ventilators and healthcare staff to help contain the coronavirus pandemic, which has so far killed 90 people in the country, infected 1,184, while 88 others recovered. To support the country’s response efforts, the Royal Armed […]
King Mohammed VI has appointed Saied Amzazi government spokesman and Othman El Firdaws culture, youth and sports minister in replacement of Hassan Abyaba. Saied Amzazi will act as spokesman for the government while keeping his portfolio as education minister. Western educated EL Firdouas had served in the current government as Secretary of State to the […]
The World Health Organization chief has angrily slammed as “racist” and a remnant of the “colonial mentality” recent comments made by two French scientists suggesting a vaccine for the new coronavirus should be tested in Africa. “Africa cannot and will not be a testing ground for any vaccine,” WHO director-general Tedros Adhanom Ghebreyesus told a […]
The measures taken by the Moroccan government to counter the coronavirus outbreak have strengthened citizens’ trust in institutions, said a policy paper published by UK think Tank the Chatham House. Citing a recent study conducted by the Moroccan Institute for Policy Analysis, the policy paper, signed by Mohamed Masbah and Anna Jacobs, showed that a […]
The Moroccan government lifted the threshold on foreign debt as it braces for dwindling foreign exchange reserves due to the impact of coronavirus on the flow of hard currency to the country. The move aims at addressing the needs in terms of foreign exchange reserves as the coronavirus repercussions are expected to hit tourism revenues, […]
Moroccan public authorities have announced that wearing facemasks in public and at work place will be compulsory as of this Tuesday March 7 for all people authorized to go out of their homes and that breakers of the decision will face sanctions. The measure, taken as part of efforts aimed at stopping the spread […]