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    April 12, 2021

    WB President Welcomes Morocco's Proactive Strategy to Mitigate Crisis' Effects

    Rabat - The President of the World Bank Group (WB) David Malpass, welcomed Friday Morocco's proactive and anticipatory strategy to mitigate the effects of the health crisis.

    During a meeting held via videoconference"...

    April 8, 2021

    Morocco Banks on Renewable Energies - French Daily

    Paris - Morocco is banking on renewable energies and their development to cover its energy needs, reduce its fossil fuel imports and thus reduce its greenhouse gas emissions, French daily 'Ouest-France' writes on Wednesday.

    'There"...

    April 6, 2021

    Bank of Africa Announced 'Best Bank in Morocco 2021'-

    Casablanca - Bank of Africa (BOA) Group was announced as 'Best Bank in Morocco 2021' by Global Finance Magazine.

    The award recognizes a leading pan-African banking network, a Moroccan Group with an extensive"...

    April 5, 2021

    World Bank Predicts Coming Public Debt Explosion In MENA Region

    Rabat – The World Bank is predicting an explosion of public (also known as government) debt in the Middle East and North Africa (MENA) region following the COVID-19 pandemic. By the end of 2021, the World Bank predicts that the region will face a cost of $227 billion because of the"...

    March 30, 2021

    Morocco, Hungary Central Banks Strengthen Their Cooperation

    Rabat - Morocco's Central Bank Bank Al-Maghrib (BAM) and its Hungarian counterpart Magyar Nemzeti Bank (MNB) signed, Monday, a cooperation agreement to strengthen their bilateral collaboration.

    The cooperation"...

    March 25, 2021

    Morocco’s Foreign Currency Reserves to Reach MAD 310 Billion by End of 2021

    Rabat – On Tuesday, the governor of Bank Al-Maghrib (BAM-central bank), Abdellatif Jouahri, said that Morocco’s official reserve assets (ORA) are expected to reach MAD 310.3 billion ($34.4 billion) by the end of 2021. The reserve assets will ensure Morocco’s imports of"...

    March 24, 2021

    Morocco's Central Bank Keeps Unchanged Policy Rate at 1.5%

    Rabat - The Board of Bank Al Maghrib (BAM) decided to keep unchanged policy rate at 1.5%, following its first quarterly meeting of the year held Tuesday.

    'Based on all these assessments, the Board considered"...

    March 23, 2021

    MREs Must Declare Bank Accounts on Tax Returns In Morocco Starting September

    Rabat – Starting later this year, all Moroccans residing abroad (MREs) will have to declare their Moroccan bank accounts, if they have any, when filing their tax returns.

    The new laws will be enacted within the Organisation for Economic Co-operation and Development’s"...

    March 23, 2021

    Financial Education: Morocco's Central Bank Puts Online Learning Content

    Rabat - Morocco’s Central Bank (Bank Al-Maghrib-BAM) announced that it will put online starting March 22 through 27 a series of educational content, as part of the financial education week 'Global Money Week' (GMW).

    These"...

    March 23, 2021

    Discover Announces Alliance with Malaysia’s PayNet to Expand Worldwide Acceptance

    Discover, a leading digital bank and payments company, and Payments Network Malaysia Sdn Bhd (PayNet), the national payments network and shared central infrastructure for payment services in Malaysia, have signed an agreement that will greatly expand acceptance for Discover, Diners Club"...

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