Morocco
Moroccan Banks Restrict Household Loans Amid Economic Uncertainty
Banks will lend less and less to households in Morocco. After noting a sharp slowdown in the repayment pace, they are tightening credit granting conditions.
Topic
Loan
Morocco
Morocco's Central Bank to Tighten Loan Requirements in 2021 Amid Rising Household Debt
New recommendations from Bank Al-Maghrib (BAM) are expected at the beginning of 2021. They concern the conditions for granting loans by banks and consumer credit companies.
Morocco
Morocco Considers Financial Aid for Newlyweds to Boost Housing Access
Parliamentarians in the House of Representatives have suggested financial assistance for young Moroccan newlyweds, based on the "marriage accounts" mechanism put in place by Turkey since 2016.
Morocco
Moroccan Tourism Sector Receives Pandemic Aid, but Financial Concerns Persist
Moroccan tourism professionals will soon be in possession of the subsidies granted to them for the month of September. Despite this subsidy, they still fear bankruptcy.
Morocco
Moroccan Restaurants Fear Lockdown as COVID-19 Cases Surge in Casablanca
Catering professionals are concerned about a possible partial or total re-containment, like the European countries, such as France, Spain and Belgium, which have already been re-contained. A re-containment will once again put the Moroccan economy in jeopardy, according to several analysts.
Spain
Spain Funds Two Desalination Plants in Morocco to Address Water Crisis
Morocco will be able to build two seawater desalination plants in the cities of Assa Zag and Moulay Brahim. This is thanks to a loan approved by the Spanish government.
Morocco
Moroccan Grocers Extend Credit Lifeline to Struggling Households Amid COVID Crisis
The grocer-banker, that’s how we can describe the neighborhood grocer who, through the credit system, comes to the rescue of his clients, whose financial situation continues to deteriorate due to the lockdown. We even see him lending cash to residents heavily impacted by the Covid crisis.
Morocco
Drug Traffickers in Casablanca Exploit Pandemic to Offer Predatory Loans
Drug traffickers in Casablanca have taken advantage of the crisis period induced by the Coronavirus pandemic to offer loans at exorbitant rates to street vendors.
Morocco
EBRD Grants $300 Million Loan to Moroccan State Companies Amid COVID Crisis
Three Moroccan companies have just received a loan of 300 million euros granted by the European Bank for Reconstruction and Development (EBRD). These are the National Airports Office (ONDA), the National Motorway Company of Morocco (ADM) and the National Office of Electricity and Drinking Water (ONEE).
Morocco
EBRD Grants $40 Million Loan to CaixaBank Morocco for SME Support
The Moroccan branch of CaixaBank has received a loan of 430 million dirhams from the European Bank for Reconstruction and Development (EBRD).
Morocco
Morocco Unveils Credit Guarantee Program to Boost Struggling Hotel Industry
The 2020-2022 program contract, signed on August 6 for the entire tourism value chain, has provided for support for hotel establishments affected by the coronavirus. To benefit from this "Damane Relance hôtellerie" credit, very strict conditions are imposed on hotel establishments.
Morocco
Morocco's Ports Receive $110 Million Resilience Boost from French Development Agency
The French Development Agency (AFD has just granted a loan of over 1 billion DH to the National Ports Agency (ANP). The aim is to strengthen their resilience.