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Tag: World Bank
World Bank disburses 1.149 billion FCFA to support victims of floods in the Senegal River Valley
The World Bank is collaborating with Senegal to address severe flooding in the Senegal River Valley, exacerbated by exceptional rainfall and the influence of the ... Read More
World Bank revises downwards growth rate forecasts for Tunisia, Egypt in 2024/2025
The World Bank has revised Tunisia's 2024 economic growth forecast downward to 1.2%, compared to the 2.4% projected in April 2024. In its October 16, ... Read More
World Bank puts growth in Sub-Saharan Africa at 3% in 2024
The World Bank revised downwards economic growth in Sub-Saharan Africa to 3% instead of 3.4%, citing the impact of the war in Sudan. The forecast ... Read More
AfDB, World Bank team up to promote electricity access in Africa
The African Development Bank (AfDB) and the World Bank are working together to provide electricity to 300 million Africans by 2030 through renewable energy system. ... Read More
World Bank to leverage guarantees for increased international financing in Morocco
The World Bank plans to utilize guarantees to draw more international financing to Morocco, said Hiroshi Matano, Executive Vice President of the Multilateral Investment Guarantee ... Read More
World Bank and Mauritania strengthens cooperation over digitization
On Monday September 9 in Nouakchott, Khaled Abidine Sidi, Secretary General of the Ministry of Digital Transformation and Modernization of Administration, met with a delegation ... Read More
World Bank highlights resilience of Morocco’s financial sector to drought
Despite consecutive dry years, Morocco’s banking sector has shown resilience and stability, the World Bank said. “Stress tests in Colombia, Morocco, and Mexico indicate that ... Read More
World Bank’s Sweden-funded program to unlock trade through economic growth in MENA region
The World Bank has launched a new Sweden-funded Trade Facilitation Support Program (TFSP) in Middle East and North Africa (MENA) that aims to streamline trade processes, ... Read More
Drop in Cashew exports disrupts financial balances in Guinea Bissau- World Bank
The economy of Guinea Bissau remains highly dependent on Cashew nuts, whose exports dropped significantly last year depriving the country of much needed revenue to ... Read More
Morocco, World Bank sign Rapid Response Option Agreement
Morocco and the World Bank (WB) signed in Rabat Monday the Rapid Response Option (RRO) agreement, a significant step in enhancing the Kingdom's capacity to ... Read More