Morocco
Morocco's Economy Surges: 7.2% Growth Forecast for Q3 2021
The High Commission for Planning (HCP) forecasts economic activity growth of 7.2% for the third quarter of 2021.
Topic
Ministry of Economy and Finance
Morocco
IFC to Invest $300 Million in Morocco's Post-Pandemic Recovery
A priority country for the IFC (International Finance Corporation - World Bank) in Africa, Morocco will benefit from 300 million dollars in investments in four priority areas during fiscal year 2021 to stimulate the post-pandemic economic recovery.
Morocco
Morocco's Economy Poised for 5.3% Growth in 2021, Central Bank Forecasts
Bank Al Maghrib (BAM) is forecasting economic growth of 5.3%. However, this forecast is surrounded by a high level of uncertainty due to the new variant of the virus and disparities on the epidemiological map worldwide.
Morocco
Morocco's Foreign Direct Investment Surges 12% Despite Pandemic Challenges
Despite the adverse effects of the Covid-19 pandemic, foreign direct investment (FDI) has increased in Morocco. They increased by 12%, or 689 MDH at the end of April 2021 compared to the same period the previous year.
Morocco
Morocco's Tourism Revenue Plummets by $1.3 Billion in First Four Months of 2021
Tourism revenues are still declining since the beginning of the year in Morocco, says the Directorate of Studies and Financial Forecasts (DEPF), forecasting a decline of 12.3 billion dirhams (MMDH) from January to April.
Morocco
Morocco Extends Anti-Dumping Measures on Chinese Plywood Imports
The anti-dumping measures applied to imports of plywood from China will be maintained until next year. This decision aims to protect Moroccan production.
Morocco
Morocco Taps US Expertise to Boost SME Access to Public Procurement
Morocco is relying on American expertise to strengthen its public procurement system. As part of a new cooperation strategy developed between the two countries, a webinar was organized on the theme: "Promoting access for small and medium-sized enterprises (SMEs) to public procurement".
Morocco
Marrakech Tourism Industry Struggles as COVID-19 Empties Iconic Square
In Marrakech , the health crisis related to the coronavirus is hitting tourism hard. Without visibility for the summer, hoteliers, restaurateurs, travel agents in the ochre city, storytellers, musicians and snake charmers are desperate. They call for the lifting of health restrictions.
Morocco
World Bank Endorses Morocco's Ambitious 2035 Development Plan
A new development model (NDM) based on a strong economy, better human capital, not to mention social inclusion, territories and sustainability to transform Morocco by 2035 has been proposed by the Special Commission on the Development Model (CSMD). This has been approved by the World Bank, which says it is a participatory forward-looking scheme.
Morocco
Morocco Launches 24/7 Online Tax Payment System Ahead of May 31 Deadline
The General Treasury of the Kingdom (TGR) has set up online payment of local taxes (housing tax, municipal services tax and professional tax). This online service allows taxpayers, holders of bank cards, to pay their taxes by connecting to a secure site.
Morocco
Morocco Exempts Professional Soccer Clubs from Taxes for 5 Years to Boost Sports Industry
The establishment of sports companies has required legal and tax changes. During a conclave held on Tuesday, the Directorate General of Taxes (DGI), the CNSS, and club representatives reviewed the implications of this reform. It is noted that clubs will be exempt from taxes for the next 5 years.
Morocco
Morocco Guarantees $7 Billion in Loans to Boost Economy Amid Pandemic
The implementation of the ambitious plan to revive the national economy continues with strong decisions to support vulnerable companies. In order to overcome the negative effects of Covid on the Moroccan economy and public finances, the government has guaranteed an amount of 67 MMDH for 96,000 loans for the benefit of companies.