Morocco Begins COVID-19 Financial Aid Payments to Informal Sector Workers
4 April 2020
Starting April 6, Al Barid Bank will pay the financial aid to the beneficiaries of the household support program, decided by the Economic Monitoring Committee.
Economy
Morocco’s COVID-19 Crisis Leaves 700,000 Jobless, Government Offers Aid
4 April 2020
The covid-19 crisis has forced many people into unemployment in Morocco. The State has decided to come to the aid of these collateral victims, estimated at more than 700,000, (…)
PSA Group Resumes Operations in Morocco, Guarantees Pay for Kenitra Plant Workers
4 April 2020
In Morocco, the cautious resumption of PSA Group’s activities is effective with the deployment of a strengthened health protocol and the guarantee of ensuring the remuneration (…)
Morocco’s Foreign Direct Investment Plunges 19.5% in Early 2020
4 April 2020
The flow of foreign direct investment in Morocco has fallen by 19.5%, or nearly 2.22 billion dirhams (MMDH) at the end of February 2020, compared to 2.75 MMDH a year earlier.
Moroccan Central Bank Addresses COVID-19 Concerns Over Currency Handling
3 April 2020
The fear of covid-19 contamination through banknotes is present among Moroccans. What is the Bank Al-Maghrib system to avoid probable contamination of its customers?
Morocco’s Highway Traffic Plummets 75% Amid COVID-19 Lockdown
3 April 2020
Autoroutes du Maroc (ADM) observed, between March 25 and 30, a record drop in traffic of 75%, for all vehicles combined, due to the state of health emergency imposed by the (…)
Moroccan Banks Face Credit Crunch as COVID-19 Lockdown Impacts Economy
2 April 2020
Banks and consumer credit companies are going through difficult times due to confinement. Professionals in the sector explain that credit production is recording worrying (…)
Morocco’s Currency Plunges 5% as Foreign Exchange Shortage Hits Economy
2 April 2020
The Moroccan currency has depreciated by 5% against the euro and the dollar in one week. For their part, banks are facing a shortage of foreign exchange due to the lockdown and (…)
Morocco’s Economy Resilient Despite Pandemic, Moody’s Reports
2 April 2020
In a note devoted to Morocco, the rating and financial evaluation agency believes that the country is making efforts to face internal and external shocks. For it, even if the (…)
Global Food Shortage Looms as Coronavirus Disrupts Supply Chains, UN and WTO Warn
2 April 2020
The UN and the WTO are sounding the alarm on a risk of "food shortage" that could be caused by disruptions related to the coronavirus in international trade and food supply chains.