WB president David Malpass

Morocco, the new Eldorado for automakers

Morocco has established itself as a major automotive manufacturing hub, with French newspaper “Le Dauphiné libéré” describing the North African country as “the new Eldorado” for automakers. The automotive sector has become a pillar of Morocco’s economy and its leading export industry. Renault leads French investment in Morocco, operating the world’s largest Renault factory in […]

Illicit financial flows cost Africa billions of dollars – Global Tax Justice Network

A new study conducted by a network of NGOs, including the Global Tax Justice Alliance, revealed that Tax evasion costs Africa more than $25 billion a year. As African countries are grappling with the Covid-19 pandemic, tax evasion is considered “unacceptable”, as it reduces revenues that could be spent on citizens’ health. Twenty-three billion dollars […]

Chile supports political solution to Sahara within framework of Morocco-proposed Autonomy Initiative

Chile reiterated, through the voice of its Foreign Minister Alberto Van Klaveren Stork, “constant support for the process led by the United Nations towards a just, pragmatic, lasting, realistic, viable, definitive and mutually acceptable solution to the question of Western Sahara, within the framework of the initiative presented by Morocco to the United Nations in […]