VOL. XLIV

No. 13

26-March-2001

MOROCCO

Morocco To Reform Banking And Insurance Sectors As CBM Lowers Discount Rates

Morocco announced on 16 March that it would reform its banking and insurance sectors and give more autonomy to the Central Bank of Morocco (CBM) in line with international standards. According to the official MAP news agency, the Minister of Finance and Economy, Fathallah Oualalou, said the reforms aimed to upgrade the efficiency of the CBMs supervision and control systems. No...