First Independent Mena Newspaper
The European Union will provide Tunisia with more than €180 million to support small farmers and fishermen in the North African country, Webdo Tunis reports. Jean-Pierre Sacaze, head of the social inclusion and sustainable development department within the EU mission in the country, made the announcement. The support made of donation and credit will go […]
Morocco has successfully sold an international bond worth 3 billion dollars composed of three parts, the finance ministry said. The bond is divided into securities of 7 years, 12 and 30 years each worth 750 million dollars, 1 billion dollars and 1.25 billion dollars, the ministry said. The deal is the higher amount raised by […]
Morocco has decided to “significantly” increase its contribution to the annual budget of the Central Emergency Response Fund (CERF) by allocating 100,000 dollars for the year 2021, announced, on Tuesday, Minister of Foreign Affairs Nasser Bourita. Speaking at the 2020 high-level CERF donors conference held remotely, Bourita stressed that Morocco’s contribution to the Fund’s annual […]
The Central Bank of Libya, CBL, held Monday for the first time a full board meeting since 2014 after which the bank was split into two. The bank, Libya Observer reports, held a full-quorum meeting for the first time in six years to discuss fixing exchange rates of the Libyan dinar to foreign currencies. The […]
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 […]