Category Archives: Industry

Covid-19: Economic Growth Declines to 1.1% in First Quarter (HCP)

Casablanca – Under the effect of the Covid-19 health crisis, the growth of the national economy would have slowed down to +1.1% and would settle at -1.8% respectively, in the first and second quarters of 2020, instead of +1.9% and

COVID 19: EIB Supports Moroccan Private Sector Via Credit Lines Amounting to 440 mln Euros

Luxembourg – The European Investment Bank Group (EIB) announced on Wednesday a support for the private sector in Morocco, notably through its credit lines with Moroccan financial institutions amounting currently to 440 million euros, to face the effects of the

Morocco Draws on IMF’s PLL for $3 Bln (Central Bank)

Rabat – Morocco on Tuesday drew on the Precautionary and Liquidity Line (PLL) for an amount equivalent to nearly USD 3 billion, repayable over 5 years with a grace period of 3 years, as part of the fight against the

Morocco’s Net International Reserves Up 9.4%

Rabat – Morocco’s net international reserves amounted to 248.9 billion dirhams until March 27, 2020, up by 9.4% compared to the same period in 2019, Morocco’s central bank (Bank Al-Maghrib) has said.

During the week of 26 March- 1st April, …

Covid-19 Pandemic Management Fund: National Health Insurance Agency Contributes with 10 Mln DH

Rabat – The National Health Insurance Agency (ANAM) has announced a contribution of 10 million Dirhams to the Special Fund for the Management of the Covid-19 Pandemic.

This contribution is part of the national solidarity campaign and mobilization to mitigate …

Covid-19 Management Fund: The Auxiliary Forces Contribute with 30 Mln DH

Rabat – The Administration of the Auxiliary Forces announced on Friday a contribution of 30 million dhs to the Special Fund for the management of the coronavirus pandemic, set up upon the high instructions of HM King Mohammed VI.

“In …

National Economy is Able to Absorb Shocks Induced by Covid-19 (Minister)

Rabat – The Moroccan economy is able to absorb the shocks induced by the health crisis caused by the spread of the pandemic of the new coronavirus (Covid-19), stressed minister of Economy, Finance and Administration Reform, Mohamed Bencha├óboun.

 “The fundamentals …