The moroccan press
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.
Speaker of the House of Representatives (lower house), Habib El Malki, represented, on Friday, HM King Mohammed VI at the official inauguration ceremony of the new President of the Republic of Serbia, Aleksandar Vucic.
Aleksandar Vucic, 47, leader of the Progressive Party of Serbia (SNS), was elected President of the Republic in the first ballot with 55.1 pc of the votes cast.
Spanish Interior Minister Juan Ignacio Zoido welcomed, on Monday in Algeciras (Southern Spain), the “close” cooperation between Madrid and Rabat in the operation of transit of Moroccan expatriates dubbed “Marhaba”.
Operation Marhaba “would not have been possible without the close collaboration and good disposition of Moroccan authorities”, Zoido said during the closing day of a seminar on this operation, held at the Chamber of Commerce and services of Algeciras, according to a statement of the Spanish Interior ministry.
The total investment of the Millennium Challenge Corporation (MCC) in Morocco reached $ 1.15 billion, MCC director in Rabat, Walter Siouffi, said on Thursday in Fez.
The latest $ 450 million agreement in addition to the first one ($ 700 million) brings MCC's total investment in Morocco to $ 1.15 billion, he said at a meeting on the "Charaka Fund of vocational training," launched on May 30, 2017 by the Millennium Challenge Account-Morocco Agency.
He added that in the 27 countries where the MCC operates, the Kingdom is the largest beneficiary of this body's funds so far.
The 34th ordinary session of the Permanent Representatives Committee (PRC) of the African Union kicked off Tuesday in Addis Ababa with the participation of representatives of member countries of the pan-African institution, including Morocco.
Morocco, which returned to the African Union last January, is represented by a delegation led by Bouchaib Eloumni, Deputy Permanent Representative of the Kingdom to the AU.
The meeting bring together all the ambassadors of the 55 African Union member states based in Addis Ababa and other key AU officials.
Morocco aspires to get the “associate country” status in the OECD Public Governance Committee, Delegate Minister in charge of the Reform of Administration and Public Service, Mohamed Ben Abdelkader said Tuesday in Paris.
Morocco, through the Delegate Ministry in charge of the Reform of Administration and Public Service, is a very active observer member of this committee and regularly participates in its meetings, Ben Abdelkader told MAP following his talks with OECD Secretary-General, Angel Gurria.
The Kingdom of Morocco has decided to immediately recall its ambassador in The Hague for consultation, the Ministry of Foreign Affairs and International Cooperation said on Saturday.
The United Nations High Commissioner for Refugees (UNHCR) has welcomed the decision by the Kingdom of Morocco to admit a group of Syrian refugees stranded in difficult circumstances at the country’s border with Algeria since 17 April.
"UNHCR welcomes this humanitarian gesture, which is in keeping with the traditions of hospitality demonstrated by countries across the region," the UN agency pointed out in a statement.
NHCR Very Grateful to HM the King, Morocco for Settling Situation of 13 Syrian Families Stranded on Algerian-Moroccan Border
The UN High Commissioner for Refugees (UNHCR) is very grateful to HM King Mohammed VI for having given his instructions to immediately settle the situation of a group of 13 Syrian families who have been stranded for few weeks on the Algerian-Moroccan border, said UNHCR representative to Morocco Jean Paul Cavaliéri.
"We realize the delicate aspect of this situation and we are very grateful that Morocco is the country that helped break this impasse," Cavaliéri told TV channel "Médi1TV".
Syrian families who were blocked at the Algerian-Moroccan border expressed their heartfelt thanks and deep gratitude to HM King Mohammed VI, who gave His high instructions for the immediate treatment of their situation.
A statement by the King's cabinet said that on the basis of humanitarian considerations and exceptionally, HM the King has given His High Instructions to the authorities concerned for an immediate treatment of the situation of Syrian families who have been blocked at the Algerian-Moroccan border for several weeks.
Morocco signed, on Wednesday in Rabat, an equity investment agreement in the capital of the Development Bank of Central African States.
The agreement was inked by economy Minister Mohamed Boussaid and the vice president of the Development Bank of Central African States Zounguere Sokambi Armand Guy.
On this occasion, Boussaid affirmed that this action is part of the strategic vision of His Majesty King Mohammed VI to take part in African financial and economic bodies, said a statement from the Ministry of Economy and Finance.
Morocco will switch to summer daylight saving time (GMT+1) on Sunday, July 2, 2017 at 2:00 a.m. by turning clocks forward one hour, the ministry in charge of the Reform of Administration and Public Service announced.
MAP 21 June 2017
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.
“Those speculating about a devaluation of the dirham with the implementation of the floating exchange rate regime make a miscalculation”, Jouahri, noted at a press conference held following the 2nd meeting of the Board of Bank Al Maghrib for 2017.
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.
Driven by a rebound in cereal production, estimated by the Department of Agriculture at 102 million quintals, agricultural value added would increase by 13.4 percent, while nonagricultural GDP growth would edge up from 3.1 to 3.3 percent, the Bank said, on Tuesday, following the second quarterly meeting of its Board.
AfDB Loans Morocco 88mln USD to Fund 2nd Phase of Project in Support of National Water Economy and Irrigation Program
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).
Inked on Tuesday in Rabat by economy minister Mohamed Boussaid, AfDB deputy director general for north Africa Yacine Diama Fal, in the presence of agriculture minister Aziz Akhannouch, will contribute to Morocco's efforts to foster the agricultural sector productivity and help save agriculture water in large irrigated lands.
Morocco, Angola Ink Diplomatic Visa Waiver Agreement
Morocco and Angola signed, here Monday, two cooperation agreements on the abolition of visa requirements for holders of diplomatic passports and political consultations.
The Peugeot-Citroën plant, whose building works were launched in Kénitra free zone (Atlantic free zone), banks on a yearly production of 200,000 vehicles, said, on Thursday in Kénitra, Minister of industry, investment, trade and digital economy Moulay Hafid Elalamy.
Morocco’s Accession to ECOWAS, Added Value to The Regional Grouping (Nigerian FM)
Morocco's accession to the Economic Community of West African States (ECOWAS) is an added value to this regional grouping, Nigerian Minister of Foreign Affairs, Cooperation, African Integration and Nigerians Abroad, Ibrahim Yacouba, said Friday in Rabat.
Authorities Open Investigation to Identify Who is Behind Pictures of Allegedly Tortured People by Police in Al Hoceima
The competent authorities opened an investigation to identify who is responsible for posting Facebook pictures of people assaulted during criminal acts, as well as other photos documenting Middle East incidents and presenting them, deceptively, as violence and torture acts committed by the law enforcement officers in the Al Hoceima province, said a statement by the Interior Ministry.
Morocco ranked among the most innovative countries in Africa, following south Africa and Mauritius Island, according to the Global Innovation Index 2017 issued on Thursday.
According to this index, developed by the World Intellectual Property Organization (WIPO), the Cornell University and INSEAD (The Business School for the World), Morocco is among the countries that kept a sustained performance over the past 7 years, said a statement by the Moroccan office for intellectual and commercial property (OMPIC).