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Financials and Investment News in Morocco

Morocco Keeps Benchmark Interest Rate Unchanged at 2.25% - Central Bank
12/17/2019 - Morocco’s central bank maintained its key interest rate unchanged at 2.25%, saying current borrowing costs were in line with inflation, growth and the public finances medium-term forecasts.

T...
Trade Tensions to Hit Goods Growth in Q4 as Tariffs Bite
11/18/2019 - The World Trade Organization (WTO) said that growth in global goods trade is expected to remain “below trend” in the fourth quarter amid tensions and rising tariffs in key sectors.

Its lat...
Morocco's Trade Deficit Widens 2.4% Year on Year in Jan
10/7/2019 -  Morocco’s trade deficit widened by 2.4% to 140 billion dirhams ($14.5 billion) in the first eight months of 2019 compared with the same period last year, the country’s foreign exchange regulator said...
Morocco Central Bank Holds Benchmark Interest Rate At 2.25%
9/24/2019 -  Morocco’s central bank kept its benchmark interest rate unchanged at 2.25 , saying current borrowing costs were in line with the medium-term prospects of inflation, growth and public finances.
Morocco's BMCE Bank Looks to Build on China Ties to Deliver $11 Bln Develop Industrial City
7/30/2019 - BMCE Bank is looking to build on its ties with China to help finance and develop a new industrial city in the north of Morocco, its president and chief executive told Reuters.

BMCE, one of th...
Kushner: Agreement on Economic Pathway Vital For Middle East Peace
6/25/2019 - Senior White House adviser Jared Kushner said that prosperity for the Palestinians was not possible without a fair political solution - but that agreement on an economic way forward was a necessary p...
Ajman Chamber Discusses Cooperation with Morocco
3/20/2019 - The Ajman Chamber of Commerce and Industry and the Consulate of Morocco discussed the means of reinforcing their economic cooperation, as well as the key economic opportunities and partnerships availa...
Morocco’s Trade Deficit Widens 8.6 Pct Yr/Yr In January
3/4/2019 - Morocco’s trade deficit rose by 8.6 percent to 15.7 billion dirhams ($1.64 billion) in January compared with the same month a year earlier, the foreign exchange regulator said .

Imports ros...
Morocco’s Economy Set to Grow 2.9 Pct In 2019 -Planning Agency
1/17/2019 - Morocco’s economy is expected to grow by 2.9 percent in 2019, marginally slower than last year and still driven by domestic demand, the head of the planning agency said .

The growth forecast ...
Morocco’s Economic Growth to Slow to 2.7 Pct in Q4- Planning Agency
1/2/2019 -  Morocco’s economic growth is expected to have dipped to 2.7 percent in the fourth quarter of 2018 from 3 percent the previous quarter, the planning agency said on Wednesday, citing a slowdown in non-...
IMF Approves $3 Billion Precautionary and Liquidity Line for Morocco
12/18/2018 - The IMF has approved financing of about $2.97 billion in the form of a Precautionary and Liquidity Line (PLL) to help Morocco ward off external economic shocks.

“The new PLL arrangement will ...
Belgium Sends Biggest Trade Delegation to Morocco
11/25/2018 - Princess Astrid will lead, as representative of the Belgian King, an Economic Mission to Morocco from Sunday (today) till Friday, November 29. With 469 participants, it is the largest Belgian trade de...
Morocco Economic Growth Speeds Up To 2.8 Pct in Q3
10/6/2018 - Morocco’s economic growth sped up to 2.8 percent in the third quarter from 2.4 percent the previous quarter, the planning agency said , citing improvements in agricultural output and non-agricultural ...
Morocco’s Trade Deficit Widens 10.1 Pct Year/Year in Jan-Aug
9/14/2018 - Morocco’s trade deficit widened 10.1 percent to 137.9 billion dirhams ($14.7 billion) in the first eight months of 2018 compared with the same period last year, the foreign exchange regulator said
Morocco’s Trade Deficit Widens 7.8 Pct Year/Year in January
7/16/2018 - Morocco’s trade deficit widened by 7.8 percent to 100.832 billion dirhams ($10.7 billion) in the first six months of 2018 compared with the same period last year, the foreign exchange regulator said ....
Morocco's Trade Deficit Widens 10.6 Pct Yr/Yr in Jan-March
4/16/2018 - Morocco’s trade deficit grew 10.6 percent to 48.705 billion dirhams ($5.31 billion) in the first three months of 2018 compared with same period a year earlier, the foreign exchange regulator said
...
Middle Eastern Countries Must Broaden Tax Base-IMF Chief
1/30/2018 - Middle Eastern countries should pursue fiscal policies to support growth and build broader tax bases to fund infrastructure projects and social spending, IMF Managing Director Christine Lagarde said.<...
Morocco's Currency Move a Step in Right Direction – IMF
1/29/2018 - Morocco’s new, more flexible hard currency system is a step in the right direction to make the kingdom more attractive to investment and turn it into a financial hub for Africa, a senior IMF official ...
Morocco Central Bank Sets Dirham Band on First Day of Flexible FX System
1/15/2018 - Morocco’s central bank set a band of 8.9969-9.4524 dirhams to the U.S. dollar as it introduced a more flexible exchange rate system .

The dirham was trading in the spot market at around 9.238...
Morocco Looks For Smooth Transition to More Flexible Exchange-Rate System
1/14/2018 - Morocco’s introduction of a more flexible exchange-rate system from could result in only a slight depreciation in the short term, analysts and bankers said, but the dirham could become more vulnerabl...

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