Sunday, September 21, 2014   

IMF approves new credit line for Morocco
(07-29 18:48)

The International Monetary fund has announced a new, two-year US$5 billion credit line for Morocco to support reform efforts.
The new support follows up on an earlier two year credit agreement approved in 2012 to protect Morocco from shocks of the global economic crisis as it struggled in the aftermath of the Arab Spring.
While largely spared the unrest that swept the rest of North Africa, Morocco's economy depends heavily on Europe which has suffered from the global crisis.
The IMF statement released late Monday described Morocco's economic fundamentals as "sound'' with solid performance despite external challenges.
Following a reasonably strong growth of 4.4 percent in 2013, the economy is projected to grow by 2.5 percent in 2014 because of poorer agriculture output. --AP   
Other Business breaking news:
China sentences GSK officials to 2-4 years in prison: Xinhua (09-19 17:05)
China's total loan demand dampens in Q3: survey (09-19 16:51)
Drugmaker GSK fined in China graft probe: report (09-19 16:50)
Hang Seng tracks Street gains (09-19 16:43)
Alibaba sets IPO share price at US$68 (09-19 15:39)
London stocks surge after Scotland rejects independence (09-19 15:38)
Japan downgrades economic assessment as PM promises reform (09-19 14:03)
Chinese buyers lead charge in iPhone 6 global debut (09-19 13:25)
Hang Seng dips, Shanghai gains (09-18 16:17)
Nikkei jumps on weaker yen (09-18 14:44)

More breaking news >>

© 2014 The Standard, The Standard Newspapers Publishing Ltd.
Contact Us | About Us | Newsfeeds | Subscriptions | Print Ad. | Online Ad. | Street Pts

 


Home | Top News | Local | Business | China | ViewPoint | CityTalk | World | Sports | People | Central Station | Spree | Features

The Standard

Trademark and Copyright Notice: Copyright 2014, The Standard Newspaper Publishing Ltd., and its related entities. All rights reserved.  Use in whole or part of this site's content is prohibited.   Use of this Web site assumes acceptance of the
Terms of Use, Privacy Policy Statement and Copyright Policy.  Please also read our Ethics Statement.