For bankers, Morocco is in the need of implementing new reforms related to education and bureaucracy, before considering new currency liberalization.
Morocco is likely to adopt a more protectionist approach when drafting its 2019 budget because of the increasing oil prices. The decision was voiced by the government Thursday.
Unable to increase production, Charbonnage du Maroc, assigned the extraction of coal in the city of Jerada, closed its doors leaving behind hundreds of unemployed miners. To survive, some of them left and others stayed only to struggle with the economic hindrances the city faces. Jerada, Morocco’s former coal-mining hub and the economic and demographic challenges behind the closure of mines.
Morocco’s admission to ECOWAS is still making headlines in Nigeria. MPs at the Nigerian House of Representatives have raised their concerns regarding the Kingdom’s bid to be part of the regional organization. On the other hand, on Wednesday, a Moroccan-Nigerian Parliamentary Friendship Group held its inaugural meeting in Abuja to discuss mutual agreements and economic projects between the two nations. Details.
The Charities Aid Foundation (CAF) World Giving Index, released recently, revealed that Morocco is one of the least generous countries in the globe. The Kingdom is ranked 136th by the report that gives an insight into generosity in 139 countries.