Maghreb Arab Press

economy

Rabat  -  

IFC, a member of the World Bank Group, and Proparco, a subsidiary of Agence Française de Développement (AFD) devoted to private sector financing, are investing €100 million and €35 million, respectively, in the first green bond issuance by Banque Centrale Populaire (BCP), to promote sustainable, environment friendly projects in the country.

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22/6/2017
Rabat  -  

Morocco has raised its National Energy Efficiency Strategy to 52% for 2030, Minister of Energy, Mines and Sustainable Development, Aziz Rebbah, said.

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AFD Loans Morocco 80 Million Euros to Support 2015-2030 National Education Strategy
22/6/2017
Rabat  -  

The French Development Agency (AFD) has loaned Morocco 80 million Euros to finance a project supporting the 2015-2030 national education strategy.

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Morocco Signs Equity Investment Agreement with Development Bank of Central African States
21/6/2017
Rabat  -  

Morocco signed, on Wednesday in Rabat, an equity investment agreement in the capital of the Development Bank of Central African States.

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Transition to Floating Exchange Rate Regime: No Devaluation of dirham (Central Bank)
20/6/2017
Rabat  -  

The transition to the floating exchange rate regime will not lead to a devaluation of the dirham, Governor of Bank Al Maghrib, Abdellatif Jouahri, stressed Tuesday in Rabat.

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AfDB Loans Morocco 88mln USD to Fund 2nd Phase of Project in Support of National Water Economy and Irrigation Program
20/6/2017
Rabat  -  

The African Development Bank (AfDB) okayed for Morocco a loan of 88 million dollars (855 million dirhams) to finance the second phase of the project in support of the National Water Economy and Irrigation Program (PAPNEEI 2).

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Economic Growth Would Accelerate to 4.4% in 2017 (C.Bank)
20/6/2017
Rabat  -  

Morocco's economic growth would accelerate to 4.4% in 2017 and slow down to 3.1% in 2018, according to Bank Al-Maghrib (central bank) forecasts.

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