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Urgent Reforms Needed for Morocco's Pension System Stability

In a recent critical assessment, the Financial Stability Report highlights pressing issues within Morocco's pension sector, necessitating urgent reforms to ensure its future viability. The report, a collaborative effort by Morocco’s central bank Bank Al-Maghrib (BAM), the Moroccan Capital Market......

Morocco's Social Welfare System Garners UN Acclaim

In a recent development that has caught the attention of international observers, the United Nations has lauded Morocco's efforts to enhance and expand its social welfare system. This endorsement comes as the North African nation marks a significant milestone in its governance. Li Junhua, Deputy......

Addressing Butane Gas Subsidies: Morocco's Pragmatic Approach

In a move aimed at realigning the nation's energy subsidies, Fouzi Lekjaa, Morocco's Minister Delegate in charge of the budget, has clarified the government's stance on the recent price increase for butane gas cylinders. Speaking with a pragmatic tone, Lekjaa emphasized that the adjustment......

ILO Chief Commends Morocco's Progress Toward Social Justice

The Director-General of the International Labour Organization (ILO), Gilbert Fossoun Houngbo, has commended Morocco's steadfast commitment to social justice and inclusive growth during his visit to Rabat. His remarks at a press conference on Monday highlighted Morocco's significant achievements......

Lalla Meryem Leads the Board of Directors of the Social Welfare Works of the Royal Armed Forces

In compliance with the royal directives of the King, Supreme Chief and Chief of the General Staff of the Royal Armed Forces, Princess Lalla Meryem, President of the Social Welfare Works of the Royal Armed Forces (FAR), chaired the Board of Directors of the FAR Social Welfare Works on Friday at the headquarters......

King Mohammed VI Launches Ambitious 'Ramadan 1445' Aid Initiative

In a remarkable demonstration of unwavering dedication to social welfare, His Majesty King Mohammed VI of Morocco, accompanied by representatives of the Mohammed V Foundation for Solidarity, inaugurated the ambitious "Ramadan 1445" initiative in Rabat on Wednesday. This expansive endeavor aims......

Empowering Social Welfare: Direct Financial Aid to Benefit 3.5 Million Moroccans

In a groundbreaking move, the Moroccan government, led by Prime Minister Aziz Akhannouch, is set to provide direct financial assistance to nearly one million families, positively impacting the lives of approximately 3.5 million Moroccans. Commencing on December 28th, this visionary initiative, unveiled......

Premiums Inch Upward in Moroccan Insurance Sector

The Moroccan insurance sector witnessed a modest 1.4% increase in premiums during the first nine months of the year, as reported by the Insurance and Social Welfare Control Authority (ACAPS). By the end of September, premiums had reached 42.94 billion Moroccan dirhams. In the third quarter alone, premiums......

Advancing Women's Rights: Morocco's Firm Commitment to Human Rights

At the 75th anniversary of the Universal Declaration of Human Rights in Geneva, Morocco reaffirmed its unwavering dedication to upholding universal values and human rights. This commitment extends to promoting women's economic empowerment, establishing universal social protection, accelerating the......