First Independent Mena Newspaper
To offer developing countries an “alternative” to China’s Belt and Road Initiative (BRI), the EU launched, in 2021, its €300 billion Global Gateway scheme but as Kenya’s case shows, the EU’s initiative struggles to challenge its Chinese rival. For the European Union, investing in trade routes is about economic development and a way to push […]
The European Bank for Reconstruction and Development (EBRD) is joining efforts with Moroccan Ministry of Energy Transition & Sustainable Development to accelerate the decarbonization of the electricity sector in Morocco. The two sides signed on Wednesday a MoU on the sidelines of the 2023 Annual Meetings of the World Bank & the International Monetary Fund […]
Moroccan state-owned airlines RAM is speeding up its expansion as it plans to quadruple its fleet to 200 by 2030, seven years of a previously announced date. RAM will launch a tender to buy the 200 mostly medium haul airplanes by year’s end, CEO Abdelhamid Addou told Reuters at the IMF-World Bank meetings in Marrakech. […]
The European Investment Bank plans to lend Morocco 1 billion euros over the next three years in support of a reconstruction plan following the earthquake that struck on September 8. The loan is completely aligned with Morocco’s ambitious national recovery program according to the priorities of the national authorities, the EIB said in a statement. […]
Morocco is on course to break its tourist arrivals record with 11.5 million people visiting the country up to September this year, a figure that exceeds total arrivals in 2022, the tourism ministry said. “Timing couldn’t be more perfect to announce record September arrivals than during the Annual Meetings of the World Bank and IMF […]
Tobias Adrian, Director of Monetary and Capital Markets Department within the International Monetary Fund (IMF) emphasized the resilience of the Moroccan economy and its “impressive performance” in the aftermath of the earthquake that his central Morocco on September 8. The remarks were made during the presentation of the IMF global report on financial stability on […]
Morocco’s Phosphate Group (OCP) and the World Bank agreed on Wednesday in Marrakesh to strengthen cooperation ties and programs benefitting five million farmers in Benin, Guinea, Mali, and Togo, covering 10 million hectares. The agreement was inked by OCP CEO Mostafa Terrab and WB Vice-Pdt.for Central Africa Ousmane Diagana during the ongoing WB-IMF Annual meetings […]
Mauritania has acquired observer member status from the Gas Exporting Countries Forum (GECF), a grouping which collectively accounts for 70% of global natural gas reserves and 42% of marketed natural gas. The ministry of Energy, Mines and Oil of the African country made the announcement Tuesday October 10 on the sidelines of the 25th GECF […]
The efforts being made to help schoolchildren in the regions of Morocco affected by the September 8 earthquake are “very impressive”, stressed, on Tuesday in Marrakech, US Secretary of the Treasury, Janet L. Yellen. These efforts testify to the importance attached by the Kingdom to the education sector and the major role it plays in […]
The International Financial Corporation, member of the World Bank, announced on Tuesday financial support for Moroccan projects destined to enhance food security, access to finance, sustainable agriculture, and construction. The announcement was made during the WB-IMF annual meetings taking place in Marrakesh with the participation of 14,000 delegates including central bankers, ministers of finance and […]