Morocco's Commitment to Supporting Palestine and Jerusalem
In a recent interview with "Voice of Palestine" radio, Mohamed Salem Al-Sharqawi, the director in charge of managing the Al-Quds Al-Sharif Fund, reaffirmed Morocco's unwavering support for the city of Jerusalem and its residents. He emphasized that the agency's presence in Jerusalem is daily and continuous, showcasing the commitment of the Kingdom of Morocco, under the leadership of His Majesty King Mohammed VI, President of the Al-Quds Committee, to the Palestinian cause. This steadfast support is especially crucial amidst the current economic and social challenges faced by the Palestinian people.
Royal Donations in Fez and Safrou
A royal delegation in Fez has distributed royal gifts to numerous impoverished families and vulnerable individuals. Chaired by Mohamed Saadeddine Smij, a royal advisor, the committee delivered these donations to around 684 beneficiaries, including the elderly, orphans, and those with chronic illnesses. Similarly, in Safrou, another royal delegation provided assistance to approximately 200 individuals, ensuring that support reaches those in need across different regions.
Economic Insights and Developments
Abdelatif Jouahri, the Governor of Bank Al-Maghrib, reported that Morocco's foreign currency reserves are sufficient to cover approximately six months of imports. He indicated the possibility of utilizing a precautionary and liquidity line with the International Monetary Fund if necessary, akin to the measures taken in 2020. In light of current global uncertainties and geopolitical tensions, Jouahri highlighted the resilience of the Moroccan economy, asserting that the immediate impacts from the Middle East crisis remain limited, owing to the robustness of the country's economic balances and preventive measures taken.
Additionally, the central bank has decided to maintain the main interest rate at 2.25% during its first quarterly meeting of 2026, aiming to strike a balance between supporting national economic growth and controlling inflation at acceptable levels. This decision reflects the central bank's vigilance in monitoring global developments before making any monetary policy adjustments.
In the realm of infrastructure, two advanced Chinese locomotives are set to arrive in Morocco as part of an effort to modernize the long-awaited Fez-Oujda rail line. These locomotives, which operate on liquid fuel, are designed to be more efficient and environmentally friendly compared to traditional models.
Finally, the National Office of Tourism has launched a new campaign called "Let’s Meet in Our Country" aimed at encouraging tourists to rediscover Morocco's natural landscapes as spring approaches. The campaign features an immersive interactive film and a comprehensive media system to highlight the diversity of outdoor experiences available in Morocco, motivating citizens to transition from inspiration to travel decisions.
As reported by marocmedias.com.
