In 2020, remittances from Moroccans living abroad increased by 5%, contrary to Bank-Al-Maghrib’s forecasts of 1.7%. Speaking during a working session on investment opportunities, the Minister of Finance welcomed the increase in these remittances despite the economic constraints caused by the health crisis.
After savings, solidarity and support for families, Moroccans living abroad (MREs) invest 10% of the transfers made each year in real estate, according to Finance Minister Mohamed Benchaâboun .
Launched on January 28 by King Mohammed VI , the national Covid-19 vaccination campaign is going well. Health Minister Khaled Aït Taleb has announced that nearly 308,308 people have already been vaccinated, and citizens continue to flock to vaccination centers.
Chief Economist Shira Greenberg of the Israeli Ministry of Finance said that the financial cooperation agreements signed between Rabat and Tel Aviv "have the potential to increase trade with Morocco by about $500 million per year".
Abdellatif Jouahri , Governor of Bank Al Maghrib, plans to take his leave in the coming months. The man, who will be celebrating his 81st birthday, will have spent 17 years at the head of the kingdom’s largest financial institution.
The 2021 Finance Bill, adopted on second reading by the first Chamber of the Moroccan Parliament, has completed the legislative process and will come into force upon its publication in the Official Gazette. The main changes made by this anti-crisis budget concern corporate taxes, income taxes, customs duties and others.
A total of 80,000 small and medium-sized enterprises have been saved from bankruptcy thanks to Morocco’s loan guarantee programs. The announcement was made by the Minister of Economy, Mohamed Benchaâboun , last week, during a session at the House of Advisors.
Companies in the tourism sector affected by the effects of the coronavirus will continue to benefit from the support of the Moroccan state until March 2021. This is the result of an agreement signed between the National Confederation of Tourism, the Ministry of Finance and the Ministry of Tourism.
The Minister of Economy, Finance and Administration Reform, Mohamed Benchaâboun , met on Tuesday with the European Commissioner for Neighborhood and Enlargement, Oliver Varhelyi. A meeting during which the national finance minister requested the participation of the European Union (EU) in the Mohammed VI Fund for Investment.
Between 2000 and 2019, Morocco’s Gross Domestic Product (GDP) doubled, reaching over 1,000 billion dirhams. This is what the Minister of Economy indicated in his response, following the interventions of the parliamentary groups and groupings.
The member of the Party of Authenticity and Modernity , Abdelwahed El Messaoudi, sounded the alarm on an anti-banking practice in Morocco. Moroccans no longer trust their banks and prefer to keep their savings at home.
In a difficult context marked by the health crisis due to the coronavirus, hope is allowed for certain sectoral activities, including exports. They increased by 6.8% in August compared to the same period in 2019.