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The Moroccan economy is expected to grow by 3.2% in 2022, according to World Bank forecasts released on Tuesday. In an update to its “World Economic Outlook”, the international financial institution says Morocco’s economic growth rate will reach 3.2 percent this year due to the slowdown in agricultural production. For …

Morocco’s ability to fight effectively against money laundering, terrorist financing and proliferation, an action that requires a coherent approach on a global scale, was considered insufficient and therefore put on the backburner (gray list) by the Financial Action Task Force (FATF). In any case, this is what the final declaration …

In the race to achieve their climate goals, African countries are increasingly in need of financing. Most of them are forced to resort to loans to access the funds needed to adapt to climate change or to mitigate emissions. The European Bank for Reconstruction and Development (EBRD), the Green Climate …

The Islamic Development Bank (IsDB), with the Ministry of Economy and Finance, and the National Office of Hydrocarbons and Mines (ONHYM) in Rabat have signed a financing agreement for the Front End Engineering Design (FEED) for the Nigeria-Morocco Gas Pipeline Project. The signing ceremony of the agreement was held virtually …

The Moroccan economy is expected to grow by 6.7% for the year 2021 thanks to progress in vaccination, the maintenance of budgetary and monetary stimulus and the very good agricultural season, underlines Bank Al-Maghrib (BAM) in a press release sanctioning the work of the last quarterly meeting of its Board …

Fitch Ratings has confirmed Morocco’s long-term foreign currency issuer default rating of “BB +” with a stable outlook. In its new rating, the agency noted that Morocco’s “BB +” rating is supported by a record of macroeconomic stability reflected by relatively low inflation and GDP volatility before the pandemic; a …

BANK OF AFRICA was elected “Best Bank in Morocco 2021” by the prestigious Magazine “The Banker” Financial Times Group for the 9th time since 2000. This distinction highlights the main achievements of the Bank supporting the development of financing solutions with a positive and sustainable impact and support for SMEs, …

Morocco’s gross domestic product (GDP) is expected to grow by 6.3% in 2021, one of the highest rates in the Middle East and North Africa region, said the chief of mission of International Monetary Fund (IMF) for Morocco, Roberto Cardarelli. “After a contraction of 6.3% in 2020, the GDP should …

Oxford Business Group (OBG) is set to release a new report on Morocco’s post-Covid economic recovery, dubbed the Morocco Economic Recovery Report. Carried out in partnership with the Moroccan Agency for the Development of Investments and Exports (AMDIE), the study by the economic intelligence and consulting firm provides an overview …

The Rand Merchant Bank (RMB), a South African financial institution, a subsidiary of the powerful FirstRand banking group, recently published the annual ranking of the most attractive countries for investors in Africa for the year 2021. The institution ranks the best destinations investment in Africa based on the principles of …