Morocco Considers Next Phase of Dirham Flexibility Reform
4 March 2020
Bank Al-Maghrib and the Ministry of Finance are working on the triggering of the next stage of the reform related to the flexibility of the dirham. But prerequisites must be (…)
Mohamed Benchaaboun
African Development Bank Grants Morocco $204 Million for Social Protection Expansion
22 February 2020
$204 million. This is the amount of the loan granted by the African Development Bank (AfDB) to Morocco to finance the Support Program for the Improvement of Social Protection (…)
Morocco Advances Toward More Flexible Dirham Exchange Rate
22 February 2020
Morocco wants to take a new step in the process of flexibility of the dirham.
Moroccan Families Spend 5,800 Dirhams Annually on Food, Government Data Shows
9 February 2020
The average annual expenditure of Moroccan families on food products is around 5,800 dirhams. This is indicated by data from the Ministry of Economy and Finance.
IMF Chief Georgieva to Visit Morocco for Economic Talks
5 February 2020
Kristalina Georgieva, the new Managing Director of the International Monetary Fund (IMF), is expected in Morocco as early as February 19 on economic development issues.
Morocco Advances Bill to Regulate Crowdfunding, Boost Entrepreneurship
30 December 2019
The Moroccan government wants to equip crowdfunding with a legal framework. The crowdfunding bill was presented to Parliament last Tuesday by the Minister of Finance.
Morocco Reverses Tax Exemption for Retirees in Budget Bill Amendment
12 December 2019
The Minister of Finance, Mohamed Benchaâboun, has just canceled the measure of total exemption from income tax (IR) for retirees, before the finance committee of the first (…)
Morocco Returns to Global Bond Market with €1 Billion Euro Issue
24 November 2019
Morocco issued a bond on the international financial market on Thursday, November 21 for an amount of one billion euros. This loan will cost 1.5% interest rate.
Morocco to Allow Foreign Currency Accounts for Citizens in 2024
7 November 2019
Starting next year, Moroccans will be able to hold foreign currency accounts or convertible dirham accounts with Moroccan banks, according to the Finance Minister.
Morocco Faces Financial Strain as Court-Ordered Seizures of State Property Rise
3 November 2019
The Minister of Economy, Finance and Public Administration Reform, Mohamed Benchaâboun, is concerned about the increase in seizures of state property. For him, this remains a (…)