- 09:00Scathing report blames secret service failures one year after Trump assassination attempt
- 08:59Donald Trump attends Club World Cup final and pays tribute to soccer legend Pele
- 08:45A 6.7-magnitude earthquake strikes the Maluku Islands without tsunami warning
- 08:15Chinese exporters race to meet looming U.S. tariff deadline amid trade uncertainty
- 07:32 Trump promises patriot missiles for Ukraine amid renewed criticism of Putin
- 07:09Torre Pacheco rocked by racial tensions after a violent assault
- 17:20Polish foreign minister Sikorski: Anti-immigrant hysteria damages Poland's image
- 16:50EU and Mexico leaders condemn Trump's 30% tariffs, call for unity and negotiation
- 16:20Chelsea and PSG clash in Club World Cup final showdown
Follow us on Facebook
Morocco's Treasury Fuels Optimism with Strategic Investments
Morocco's Treasury is confidently steering the nation towards sustained financial prosperity. In a strategic move this week, the Treasury and External Finance Department (TEFD) allocated an impressive 2.32 billion Moroccan dirhams ($239 million) from cash surpluses to short-term operations.
This substantial investment unfolded in two key components: a 1.5 billion dirham ($155 million) repo at 2.69% over three days and another repo at 2.5% for 820 million dirhams ($84 million) over one day. With Morocco's economy robustly rebounding from the pandemic's aftermath, the Treasury is swift in deploying additional capital to capitalize on emerging opportunities.
Economy Minister Nadia Fattah characterized these investments as a "demonstration of confidence in Morocco's robust economic and financial foundation." In a nation committed to expanding industries and curbing unemployment, a well-endowed Treasury signifies promising prospects on multiple fronts.
Nadia Fattah emphasized, "We will persist in actively seeking prudent investments of public funds to foster sustainable and impactful growth." Amidst the global market uncertainties of 2023, Morocco appears poised to weather any turbulence and potentially emerge even stronger. The recent Treasury operations represent just one facet of this comprehensive strategy.