Friday, July 3, 2015   

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:
European benchmarks drop (1 hr 19 mins ago)
China stock losses mount, regional markets retreat (2 hrs 27 mins ago)
(Greece crisis) Support gathers for yes vote at referendum (07-03 14:59)
Hang Seng lower, Nikkei recovers (07-03 14:16)
US hedge fund continues tussle over Samsung merger (07-03 14:00)
Rajat Gupta’s insider trading conviction stays (07-03 13:27)
Celebrated US property developer jailed for fraud (07-03 13:07)
US stocks end slightly lower (07-03 12:56)
Greenback slips, euro gains (07-03 12:42)
Party paper rejects idea of foreign scapegoats for China stock rout (07-03 12:41)

More breaking news >>

© 2015 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 2015, 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.