MOROCCO: SEEKS EUROPEAN AND PRIVATE SECTOR SUPPORT TO SHIELD AGAINST RECESSION
Thu, 23 April 2020
European multilaterals are stepping up assistance for Moroccan banks in an indication of Europe’s focus on supporting key trade and investment partners close to its own borders. Morocco’s private sector is leading the charge in battling the coronavirus, while the king has assumed control over strategy. More drastic measures will be required to help the kingdom cope with its first economic recession in two decades.
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