Emerging Markets Finance Headlines International Morocco

IFC supports Morocco’s food security, financial inclusion, sustainable agriculture, renewable energies

The International Financial Corporation, member of the World Bank, announced on Tuesday financial support for Moroccan projects destined to enhance food security, access to finance, sustainable agriculture, and construction. The announcement was made during the WB-IMF annual meetings taking place in Marrakesh with the participation of 14,000 delegates including central bankers, ministers of finance and […]

Emerging Markets Headlines International Morocco

Morocco’s Economy to Grow by 2.4% in 2023; 3.6% in 2024 (IMF)

Morocco’s economy is expected to grow by 2.4% in 2023, and by 3.6% in 2024, according to the International Monetary Fund (IMF). This came in the financial institution’s “World Economic Outlook” report, published Tuesday in Marrakech that is hosting the annual meetings of the IMF and the World Bank. “Growth will strengthen in 2023 compared […]

Emerging Markets Europe Headlines International Morocco

Morocco’s PM & EC Chief Discuss Partnership & Latest Regional Developments

Head of Moroccan government Aziz Akhannouch met on Tuesday in Brussels European Commission President Ursula Von Der Leyen in presence of foreign minister Nasser Bourita. Talks focused on bilateral relations and ways of strengthening further EU-Morocco strategic partnership as well as latest regional developments. “The EU will contribute to reconstruction and economic development after the […]

Africa Headlines International

Liberia: violent clashes ahead of 10 Oct general election raise security concerns

Liberia’s incumbent President George Weah, who is seeking a second six-year term, faces off against 19 other candidates in Tuesday’s (10 October) election, whose result will be determined by debates around the economy, corruption, drug use and the civil war. Over 2.4 million voters in Liberia will head to the polls on 10 October to […]

Business Finance Headlines International Morocco

Moroccan central bank invests in World Bank green bond

Morocco’s central bank purchased 200 million euros of sustainable bonds from the World Bank as Morocco hosts the annual meetings of the IMF and the World Bank in Marrakech. The EUR 100 million 3-year and EUR 100 million 5-year Sustainable Development Bond transactions will support the financing of the World Bank’s sustainable development activities, the […]

Africa Headlines International

Illegal fishing major maritime threat in Gulf of Guinea, costing West Africa $26bn

The West African sub-region annually loses $26 billion to illegal fishing and illicit trade in marine resources, a senior Ghanian official has warned, echoing a recent report by an independent intergovernmental body that globally, nature is declining at rates unprecedented in human history, and species’ extinction is accelerating at an alarming rate. In an address […]

Africa International

Gabon’s strongman visits Chad for fourth international trip

Brice Clotaire Oligui Nguema, the General and new leader of Gabon, undertook his fourth international trip with a visit Monday October 9 to Chad where he met President Mahamat Idriss Deby Itno. The Gabonese leader came to power on August 30, after deposing Omar Bongo Ali Odimba. The meeting between the Gabonese and Chadian transition […]

Africa Europe Headlines International

UK Supreme Court hearing scrutinizes legality of Rwanda migrant deportation policy

Three days of arguments have begun at the Supreme Court of the United Kingdom on Monday (9 October) with the UK government arguing its policy of deporting asylum seekers to Rwanda is safe, while lawyers for migrants from Vietnam, Syria, Iraq, Iran and Sudan contend it’s unlawful and inhumane. The Home Office has brought the […]

Africa International

Nine people killed daily by armed groups in DR Congo since beginning of the year (UN)

Bintou Keita, the UN Secretary General’s Special Representative in the Democratic Republic of the Congo and Head of the UN Stabilization Mission in the country (MONUSCO) revealed Monday October 9 that an average of 9 people are killed day in day out since the beginning of 2023 in DRC by armed groups which have been […]

Emerging Markets Headlines International Morocco

IMF chief lauds Morocco’s swift earthquake response

Head of the IMF Kristalina Georgieva lauded Morocco’s rapid and efficient response to the earthquake following a visit to the stricken areas. Morocco showed “unmatched solidarity by the King and the people,” said Georgieva at an event marking the launch of an IMF book on Morocco’s growth potential presented at the IMF-WB annual meetings center […]