Morocco
Morocco Set to Lead African Economic Growth in 2021, Analysts Predict
The economic recovery of Morocco is unanimous among global economic data analysis agencies. The kingdom would record the highest growth rate in Africa this year.
Topic
Ministry of Economy and Finance
Morocco
Morocco Braces for Economic Fallout as New COVID-19 Restrictions Take Effect
Soaring unemployment, a new wave of bankruptcies on the horizon... the new restrictive measures taken by Morocco to deal with the resurgence of coronavirus cases will have devastating economic consequences.
Morocco
Morocco's Aerospace Sector Faces Headwinds Despite Recovery Efforts
The health crisis related to the Covid-19 epidemic has put the entire aerospace sector to the test, with orders in the doldrums. However, various means are being deployed by the State and professionals to promote post-crisis recovery and emerge from the turbulence zone.
Morocco
Morocco's Cash Circulation Surges to 319 Billion Dirhams Amid Pandemic, Central Bank Reports
In 2020, cash demand in Morocco marked an "exceptional" increase, with the currency in circulation growing by 20.1% to 319 billion DH, in value, or nearly 30% of GDP. An unprecedented surge due to the effects of the health crisis.
Morocco
Morocco's Bank Credit Growth Accelerates to 4.1% in June, Boosting Private Sector Lending
Bank credit in Morocco showed growth of 4.1% during the month of June. A pace accelerating compared to the trend observed a month earlier (+2.9%).
Morocco
Morocco to Phase Out Subsidies on Sugar, Flour, and Butane Gas by 2023
As of 2023, lump sugar and soft wheat flour will see their state subsidies completely eliminated. This measure also concerns butane gas, but will be done in two stages.
Morocco
Morocco Forecasts 3.2% Economic Growth for 2022, Down from 5.6% in 2021
The upturn continues for the Moroccan economy. Presenting the general framework for the preparation of the 2022 Finance Act, the Minister of Economy, Finance and Administration Reform, Mohamed Benchaâboun, stated that the [growth rate] should be around 3.2% next year.
Morocco
Tanger Med to Acquire 35% State Stake in Moroccan Port Operator Marsa Maroc
Tanger Med will take the state’s stake in the port operator Marsa Maroc. The announcement was made by the port company and concerns the 35% held by the public authorities.
Morocco
Morocco Announces Partial Reimbursement Plan for Expats' Sea Travel Tickets
Moroccans residing abroad (MREs) who return to Morocco by sea as part of the Marhaba Operation are now informed of the conditions and procedures for the payment of the amounts corresponding to the partial reimbursement of the crossing tickets. The Ministry of Equipment, Transport, Logistics and Water and the Ministry of Economy, Finance and Administration Reform have just published a joint order.
Morocco
Morocco Plans Major Public Financial Hub to Boost Economic Growth
A grouping of Crédit Agricole Maroc, CIH Bank, Al Barid Bank and CDG Capital within the same holding company is in preparation. The objective: to harmonize and target the state’s intervention and contribute more significantly to financing economic activities .
Morocco
Morocco's Foreign Exchange Reserves Surge 290% Since 2002, Hitting 320 Billion Dirhams in 2020
The economic dynamism recorded in recent years has had a clear impact on Morocco’s foreign exchange reserves . They have improved significantly over the 2017-2021 period, providing foreign exchange guarantees that amounted to 320.3 billion dirhams (MMDH) in 2020.
Morocco
Morocco Offers Maritime Travel Subsidy for Expats Returning Home This Summer
We know a little more about the conditions and procedures for the payment of the maritime transport allowance intended for Moroccans Residing Abroad (MREs), who come on vacation as part of the Marhaba Operation . The Ministry of Equipment and Transport and the Ministry of Finance have jointly published in the latest official bulletin, a decree on the allowances.