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Morocco is still waiting for its Covax vaccine doses

Covax delivered more than 850,000 doses of AstraZeneca vaccine to Egypt on Wednesday evening. While Morocco is waiting to receive them, the Egyptians are the first to be provided with vaccines, a WHO statement said. Will Morocco have to wait a long time before receiving its first doses of vaccines …

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Morocco: Sharp drop in GDP to 7.1% in 2020

The Covid-19 health crisis has had a severe impact on the Moroccan economy, leading to an unprecedented recession. In 2020, GDP contracted to 7.1%. In 2020, the economic recession in Morocco would have exceeded 7%, the GDP would have experienced a steeper fall if the State had not provided support …

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Standard & Poor’s downgraded Morocco’s rating

US rating agency Standard & Poor’s (S&P) downgraded Morocco’s long-term foreign and local currency ratings to BB+ from BBB-, citing the country’s economic contraction and growing budget deficit. The new rating has a stable outlook. S&P previously had a negative view of Morocco’s rating. “Fiscal consolidation between 2021 and 2024 …

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