Banking

The American rating agency Fitch Ratings has maintained its default rating for Morocco’s long-term foreign currency issuers at “BB+” with a stable outlook. It anticipates an increase in debt and budget deficit in 2022, due to the gloomy economic climate and rising commodity prices. In a statement, the rating agency …

Morocco’s gross domestic product is expected to rise 1.2% in 2022 before rebounding to 3% the following year as the pace of growth returns to pre-pandemic levels, the European Bank for Reconstruction and Development said on Tuesday. In a report presenting its economic forecasts, the EBRD notes that in 2022, …

The Moroccan economy is expected to register a growth rate of 1.1% in 2022, against 3% previously forecast in January, according to the International Monetary Fund (IMF), which published its semi-annual World Economic Outlook report on Tuesday. The IMF also anticipates growth of 4.6% for Morocco in 2023. The Bretton …

During the “World Best Banks Awards” trophy ceremony by the prestigious American magazine Global Finance, Attijariwafa bank won the “Best bank in Morocco for the year 2022” award for the 9th time. This prize is in addition to the prize for the best investment bank won by Attijariwafa bank at …

Growth in Morocco is expected to slow to 1.1% in 2022, the World Bank said Thursday, April 14 in a new report on the Mena region. In detail, agricultural production is expected to decrease by 17.3% due to the drought. The economy should be driven by a still solid but …

Morocco and the OPEC Fund for International Development have signed a $100 million loan agreement to finance the inclusive financial sector, aimed at developing the economy and supporting recovery from the Covid-19 pandemic. According to a press release from the Fund, this loan is granted under the “Financial and Digital …

The European Bank for Reconstruction and Development (EBRD) will hold its 31st annual meeting and business forum next May in Marrakech, the London-based institution has announced. The holding in Morocco of this event, which will open on May 10, illustrates “the attractiveness of the Kingdom as a business center and …

World Bank Group President David Malpass will travel to Casablanca and Rabat on Wednesday, March 23, 2022 for a two-day visit. This is David Malpass’s first visit to Morocco as President of the World Bank Group. This visit is part of the collaboration between Morocco and the global financial institution …

The 31st Annual Meeting of the European Bank for Reconstruction and Development (EBRD) will be held in Marrakech on 10-12 May. During a meeting held Monday in Rabat, the Moroccan Minister of Economy and Finance, Nadia Fettah Alaoui, and the EBRD Secretary-General, Kazuhiko Koguchi, signed the Memorandum of Understanding (MoU) …

In its 23rd annual edition of the best investment banks in the world, the prestigious American magazine Global Finance has just elected, in New York, Attijariwafa bank as “Best investment bank in Morocco for the year 2022”, and this for the 7th consecutive year. To score and select the winners, …