First Independent Mena Newspaper
The OPEC Fund for International Development (the OPEC Fund) approved on Wednesday a $ 100 million loan to Morocco to enable the country to co-finance the first phase of the “Economic Governance & Climate Change Resilience Support Program”. To counter global economic and climate change challenges, the Moroccan government has set an ambitious program destined […]
The OPEC Fund for International Development has announced a $500,000 grant to support Morocco’s humanitarian relief efforts following the devastating earthquake that struck Morocco on September 8, 2023. The 7.2-magnitue earthquake has caused serious material damage and claimed nearly 3,000 lives, making it the deadliest quake to hit the North African Kingdom in decades. In […]
The OPEC Fund for International Development (OFID) will contribute $14.3 to the funding of the second phase of the Front-End Engineering Study (FEED) of the Nigeria-Morocco Gas Pipeline project. The legal documentation relating to the $14.3 million financing granted by the OPEC Fund to the National Office of Hydrocarbons and Mines (ONHYM) was signed Friday […]
The OPEC Fund for International Development has lent Morocco $100 million to enhance financial inclusion, modernize the economy and mitigate the impact of Covid-19 pandemic. The loan, supported by the World Bank, will enable Morocco implement reforms to provide households and firms with affordable, transparent and sustainable financial services. It aims to ensure financial inclusion […]