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Keywords: Economy


Morocco secures €2 billion in euro bonds for World Cup 2030 preparations

Morocco has successfully raised €2 billion ($2.2 billion) in euro-denominated bonds, marking its first eurobond sale in five years. This significant financial move attracted bids totaling over €6.75 billion, surpassing initial expectations by €500 million. The funds will primarily support......

Mastercard's vision: Africa’s digital payments could reach $1.5 trillion by 2030

Africa's digital payments landscape is poised for remarkable growth, with projections indicating a surge to $1.5 trillion by 2030, as highlighted in a recent report commissioned by Mastercard and released by Genesis Analytics. Mastercard is spearheading initiatives aimed at enhancing digital adoption......

EU aluminum wheel tariffs on Morocco signal broader trade tensions with China

Morocco is now caught in the midst of escalating global trade tensions, reflecting a complex geopolitical landscape. The European Commission has recently imposed significant compensatory duties on aluminum wheel exports from Morocco, a move interpreted by experts as a strategic signal aimed primarily......

Morocco maintains Ba1 credit rating amidst economic challenges

Morocco’s credit rating remains stable at Ba1, as confirmed by Moody’s during its latest review. This rating reflects a complex landscape of strengths and vulnerabilities, highlighting effective governance and a robust domestic financing structure, contrasted with low income levels and risks......

Canada’s economy faces recession amid rising tariffs

Canada's economy is poised to enter a recession this summer due to tariffs imposed by the United States, according to a recent report from the Desjardins financial services group. Economists at Desjardins warned that the cumulative impact of these tariffs could trigger a recession as early as the......

Akhannouch tightens budgetary controls to curb unnecessary spending

In response to pressing economic challenges and significant ongoing reforms, Morocco's Prime Minister, Aziz Akhannouch, has issued a stern directive to his team, mandating stricter budget management. The primary goal is to limit operational expenditures while optimizing investments. Budgetary discipline......

Adil Benjelloun: A Moroccan leader in global agribusiness

In the realm of international agribusiness, few figures exemplify the blend of cultural heritage and global expertise as effectively as Adil Benjelloun. Currently serving as Vice President of MEFSCO, a strategic partnership between the American agricultural powerhouse Cargill and Saudi Arabia's leading......

Morocco's digital transformation: Blockchain and AI as catalysts for economic growth

Morocco is making significant strides in establishing a vibrant digital economy through its ambitious Digital Morocco 2030 strategy. This initiative aims to modernize the nation’s economy by leveraging blockchain technology and artificial intelligence (AI), addressing longstanding challenges that......

Resilience of the Moroccan economy amid negative shocks

The Moroccan economy has demonstrated resilience in the face of negative shocks, showcasing the strength of the Kingdom's economic policies and frameworks, according to Kenji Okamura, Deputy Managing Director and Acting President of the International Monetary Fund (IMF). In a statement issued in......

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