RIYADH: Morocco is contemplating issuance abroad for the first time since 2020, Bloomberg reported, citing an individual familiar with the matter. The North African country is considering returning to the international debt market around the same time an earlier $1.5 billion bond nears maturity in December. Higher remittances and earnings from phosphates are curbing the high costs of food and energy imports on the country’s finances in the short term. Therefore, the country’s government sees no rush in tapping the international market. The size, denomination, and maturity of the issuance are yet to be disclosed. Despite this, Moroccan authorities are projected to raise as much as 25 billion Moroccan dirhams ($2.5 billion) by the end of 2002 from bilateral creditors as well as international development institutions.