First Independent Mena Newspaper
Morocco’s tourism revenues dropped by 51% in the first eleven months of last year under the impact of the pandemic and travel restrictions, the finance ministry said. The drop was attenuated 76% a month earlier, thanks to arrivals by Moroccan expatriates. In terms of arrivals however, Morocco registered only 142,000 tourists, down 82% compared to […]
The Moroccan Govt. Council adopted on Thursday a bill paving the way for the setting up of the “Mohammed VI Fund for Investment” called for by the Sovereign in his latest Throne Day Speech to mitigate the economic and social impacts of Covid-19. The bill sets the major goals for addressing the challenges Morocco is […]
The European Bank for Reconstruction and Development (EBRD) approved on Thursday a $100 million loan to Moroccan “Banque Centrale Populaire (BCP) to support local small businesses affected by the coronavirus pandemic. The loan is the second to the country under the EBRD Solidarity Package, set up to meet the immediate short-term financing needs of existing […]
Five Moroccan NGOs have benefited from the support of the US Agency for International Development (USAID) to alleviate the impact of the coronavirus pandemic on vulnerable local communities. The beneficiary civil society organizations are Association Ennakhil, Mouvement Alternatives Citoyenne (ALCI), Association Colombe Blanche pour les Droits des Personnes en Situation de Handicap (White Dove), Association […]
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 […]