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Morocco: Bad Loans Soar to $100 Billion in 2019
February 9th, 2020 - 08:33 GMT

Morocco: Bad Loans Soar to $100 Billion in 2019

Morocco’s central bank said the number of unpaid loans in the country had doubled over the past decade, despite steady growth in giving out loans the past five years. Bank Al Maghrib Governor Abdellatif Jouahri said unpaid loans since 2009 totalled 70 billion dirhams ($7.3 billion), about 7.7% of total loans, Morocco’s official news agency MAP reported. The process of collecting unpaid loans in Morocco is difficult because current laws ...
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