First Independent Mena Newspaper
The International Finance Corporation (IFC) intends to support the Moroccan government in its multiple reforms to ensure post-Covid economic recovery and plans to invest $300 million for fiscal year 2021. In this vein, the IFC and the Ministry of Economy and Finance signed Wednesday Wednesday a memorandum of understanding to strengthen their partnership and stimulate […]
The International Finance Corporation has pledged to help Moroccan women reach more leadership positions in the business world under an agreement inked Friday in Casablanca with Club des Femmes Administrateurs (CFA). IFC will train members of CFA on a range of topics relating to corporate governance, as well as conduct outreach activities to strengthen the […]
The International Finance Corporation (IFC) supports Morocco’s Fez-Meknes region road projects and covid-19 response with a $30 million funding. Ten million dollars will be used for the purchase of disinfection and sterilization equipment, which will be used to sanitize public places. The remaining $20 mln will support the region’s plan to expand and upgrade […]
OCP Africa and the International Finance Corporation (IFC), a member of the World Bank Group, have announced this Monday a partnership to strengthen value chains of rice in Côte d’Ivoire and millet in Senegal, and to help improve the living conditions of thousands of smallholder farmers. These crops, essential to ensure food security in these […]
Moroccan Employers’ Association (CGEM) and the International Finance Corporation (IFC), a World Bank Group institution dedicated to the private sector, are pooling efforts to support innovative Moroccan startups selected as part of the #SolidariTECH initiative. This partnership aims to deploy the solutions proposed by these startups in neighboring countries such as Algeria and Tunisia and […]
Bank Al Maghrib, Morocco’s central Bank, and the International Finance Corporation (IFC) have agreed to bolster their cooperation to enhance women’s access to financing. Under the agreement inked on Monday in Rabat, Bank Al Maghrib will benefit from IFC’s expertise and its global networks to expand women’s access to funding and support women’s entrepreneurship. The […]
IFC, a member of the World Bank Group, is providing $24 million in financing, including a $12 million C loan for IFC’s own account and a mobilization of a $12 million B loan through IFC’s syndication program to Zalar Agri, one of Morocco’s leading fruit producers, as part of an effort to create jobs and […]
Morocco’s Casablanca-Settat region and the International Finance Corporation (IFC) inked on Thursday a $100 million financing agreement for the construction of two new tramway lines in Casablanca and other infrastructure projects. The funding deal was signed by Mustapha Bakkoury, President of the Regional Council of Casablanca-Settat region, Nabil Belabid, Director General of Casa Transports and […]
Morocco’s competition council and the World Bank’s International Finance Corporation agreed to cooperate to promote the competitiveness of the private sector. The partnership was sealed following an event themed “revitalizing the competition framework in an open Morocco,” held recently in Rabat. Under this agreement, the Moroccan council shall benefit from the technical expertise of IFC […]
The International Finance Corporation (IFC) announced it has signed last week a €14 million loan agreement with KMR Holding Pédagogique (KMR), a leading pan-african higher education provider, to expand medical training in Morocco and Senegal and increase the number of health professionals in the two countries. KMR will use the financing to set up Morocco’s […]