ECA

WB approves $275 million loan to help Morocco manage natural risks

The World Bank approved a $275 million Disaster Risk Management Development Policy Loan for Morocco designed to both help the country strengthen its capacity to manage the financial impact of natural disasters and climate-related shocks, and to upgrade its institutional framework for disaster risk management. Morocco has been hit in recent years by the impact […]

OCP signs $100 mln financing deal with IFC

Morocco’s phosphates and fertilizers producer OCP obtained a loan of 100 million dollars from the International Financial Corporation (IFC) to develop its African value chain. The loan will help OCP Africa to expand its logistics networks and increase the availability of fertilizers, adapted to local soils and crops, in Côte d’Ivoire, Ethiopia, Ghana, Kenya, Nigeria, […]

Belgium endorses Morocco’s autonomy plan

Belgium has described autonomy under Morocco’s sovereignty as the basis for a political solution to the Sahara issue. The announcement was made in a joint declaration signed by the two countries’ foreign ministers, marking a significant shift in Brussels’ position and signaling deeper bilateral cooperation. Aware of the centrality of the Sahara issue to Morocco, […]