First Independent Mena Newspaper
The World Bank has approved a $400 million loan in support of Morocco’s social protection reforms and strengthening the resilience of households to the pandemic repercussions. This project supports Morocco’s response to the pandemic as well as its plans to build a broad, effective and vital safety net system for vulnerable populations, the World Bank […]
Morocco has secured £217,000 from the United Kingdom, UK, for the implementation of several education reforms for quality education. The financial support will back the World Bank’s project Cut “Learning Poverty” by at Least Half by 2030, to which the North African country has subscribed. Learning Poverty according to the WB is described as the […]
The German Bank of Development, KfW, has earmarked €15 million to fund the Tunisian Coastal Protection Program-Phase V (PPLT), meant to protect the coasts of Tunisia against climate change consequences. KfW signed the financing agreement Wednesday with the Tunisian foreign ministry, state-run news agency TAP reports. “Protecting Tunisia’s coasts from the consequences of climate change […]
Japan has offered Morocco a loan of $200 million to back the coronavirus response program. An agreement was signed in this regards between Morocco’s finance ministry and Japan’s international cooperation agency (JICA). This loan aims at helping the government deal with the health, social and economic repercussions of the pandemic. JICA has been operating in […]
Morocco has received €1.3 billion in German financial support which evidences the close cooperation ties between the two countries, Morocco’s foreign ministry said in a statement. The statement came after phone talks between Morocco’s foreign minister and German minister of economic cooperation and Development Gerd Muller. Out of that total of 1.387 billion euros, Germany […]
Morocco has called on the European Union to support the Mohammed VI Fund for Investment, set up to help bolster the economy, stimulate productive activities and prop up major public-private investment projects in various sectors in the post-covid era. The call was made by economy minister Mohamed Benchaaboun during a meeting held Tuesday with […]
Morocco has finished 70% of the development projects under the development model for the Sahara which notably includes a highway, a port, renewable energies, water desalination and phosphates production plants, head of the Moroccan government said. The 700 projects under this model amounted to 85 billion dirhams ($9.3 billion) instead of the $7 billion forecasted […]
The Moroccan Govt. Council adopted on Thursday a bill paving the way for the setting up of the “Mohammed VI Fund for Investment” called for by the Sovereign in his latest Throne Day Speech to mitigate the economic and social impacts of Covid-19. The bill sets the major goals for addressing the challenges Morocco is […]
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 […]
The Japanese Government and the UN Development Program (UNDP) are backing a project to combat online radicalization of youth in Morocco. The one-year-long project, launched Thursday in Rabat, by the Rabita Mohammadia of Ulema, is meant to counter hate speech and raise awareness among young people to the contingency dangers of the Internet and […]