Morocco successfully closes a bond issue on international financial markets for a total amount of $2.5 billion. The operation follows a Roadshow with the international investor community.
With the return of tourists to Morocco, fiscal royalties on the consumption of alcoholic beverages have exploded in 2022, according to data published by the Ministry of Economy and Finance.
Morocco’s efforts in the fight against money laundering will be scrutinized starting January 16 by the examiners and evaluators of the Financial Action Task Force (FATF). Morocco’s exit from the FATF gray list depends on this visit, which some experts present as a formality.
Lawsuits against the Moroccan State have decreased in 2022, but remain high. This emerges from the assessment of the Ministry of Economy and Finance regarding the defense of the State and the prevention of administrative, civil, criminal and commercial disputes.
Launched in 2020 on royal instructions, the Mohammed VI Investment Fund will be strengthened to finance certain major projects, according to the Delegate Minister in charge of Investment, Convergence and Evaluation of Public Policies, Mohcine Jazouli.
The increase in Moroccan exports of phosphates and derivatives , observed since the beginning of the year, continues. As of the end of last September, revenues have increased sharply by 66.6%, instead of 45.4% a year earlier, according to the Directorate of Studies and Financial Forecasts (DEPF) of the Ministry of Economy and Finance.
Tourist receipts amounted to 52.2 billion dirhams at the end of last August, according to the Directorate of Studies and Financial Forecasts (DEPF), a strong increase of 155.9% compared to last year’s figures.
The name of Dominique Strauss-Kahn (DSK) had been mentioned in the entourage of King Mohammed VI to replace Mohamed Boussaid, Finance Minister dismissed by the sovereign on August 1, 2018.
The government plans to introduce housing assistance in the 2023 budget for eligible buyers.
The crisis seems to be setting in. Cement sales, the main indicator of real estate activity continue to decline in Morocco. At the end of last August, these sales fell by 7.2% year-on-year, according to the Directorate of Studies and Financial Forecasts (DEPF).
To deal with the water deficit, the Moroccan government has decided to suspend subsidies for crops that consume the most water, such as watermelon, avocado and new citrus plantations.
Tourism revenues amounted to some 36.7 billion dirhams at the end of last July, according to the Directorate of Studies and Financial Forecasts (DEPF), a strong increase of 179.1% compared to last year’s figures.