Algeria expels over 1,800 migrants to Niger border, rights group says
Algeria expelled 1,845 migrants to Niger’s border in a mass operation on April 19, rights group Alarmphone Sahara
Morocco’s Finance and Economy Minister, Nadia Fettah Alaoui, said in an interview this week the it plans to issue Euro-denominated bonds on the international market, according to Bloomberg.
This will be Morocco’s first international bond sale in two years, following its 2023 issuance of US dollar-denominated debt, and the first Euro-based issuance since 2019.
Alaoui emphasized Morocco’s preference for Euros over dollars, as the nation gears up for the 2030 World Cup. Many of the infrastructure projects tied to the event are expected to receive partial funding from European partners.
The government aims to expand its railway network, increase Royal Air Maroc’s fleet, and develop two new deep-sea ports. Plans also include constructing 12 desalination plants and launching green energy initiatives. Additionally, Morocco is seeking $2 billion to fund pension reforms this year.
The country’s 2025 budget outlines $6 billion in new foreign debt, with roughly one-third expected to be raised through the upcoming Euro bond sale. The remaining funds will likely come from international and institutional investors.
While Morocco is prepared to proceed with the bond sale, Alaoui noted the government is waiting for current market volatility to ease before moving forward.
Bloomberg reports that yields on Morocco’s Euro notes maturing in March 2026 have fallen by 1% since the start of the year, now hovering just above 3%.
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