First Independent Mena Newspaper
The World Bank has approved a $600 million financing package for the last and third phase of the “Strengthening Human Capital for a Resilient Morocco” program. The funding aims to enhance Morocco’s resilience to health risks, improve human capital during childhood, reduce poverty among the elderly, and bolster climate risk management, said the WB in […]
The World Bank has launched a new $2.48 billion program that aims to improve internet adoption rates and infrastructure coverage gaps for more than 180 million people across eastern and southern Africa. The Inclusive Digitalization in Eastern and Southern Africa (IDEA) Program, launched recently, will focus on tackling common digital challenges including low internet coverage […]
The World Bank has approved $600 million funding to Morocco to enable the North African Kingdom finance two projects destined to improve public service and performance. The first project, which gets a $350 million support, aims to improve the governance, restructuring, competitive neutrality, and performance monitoring of state-owned enterprises (SOEs). The 2nd project, entitled “Public […]
Mauritania’s cities have been growing at a rate of 3.8%, one of the highest in Africa, the World Bank said in a report, urging more attention to cities in the interior. The World Bank is implementing together with Mauritanian authorities an urban development program dubbed Moudoun, which seeks to address the vulnerability of Mauritanian cities […]
The World Bank Group and the African Development Bank Group are partnering on an ambitious effort to provide at least 300 million people in Africa with electricity access by 2030. The World Bank Group will work to connect 250 million people to electricity through distributed renewable energy systems or the distribution grid while the African […]
The World Bank has approved a new $ 500 million loan for Morocco which is stepping efforts to improve social protection and expand health coverage to include the most vulnerable populations who have been hit the hardest by Covide-19, drought, international conflicts, inflation, Al Haouz earthquake. “Morocco, like many other countries, continues to face a […]
The World Bank, the International Monetary Fund (IMF) and Morocco have launched a call for enhanced global action on common challenges in a bid to build resilience and expand opportunities for a better future. In a joint statement issued Wednesday in Marrakesh which is hosting the 2023 Annual Meetings of the WB & IMF, the […]
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 […]
The International Monetary Fund (IMF) has announced that sub-Saharan Africa will be allocated a third seat on the global lender’s executive board, while the World Bank has warned the central banks in Nigeria, Ethiopia, and Uganda not to overplay their hand in getting involved in risky monetary initiatives. Sub-Saharan Africa will have a “stronger voice” […]
The World Bank Board has approved $365 million in International Development Association (IDA) financing to increase girls’ and women’s access to learning, economic opportunities, and utilization of health services, and to strengthen the institutional capacity for gender equality in Western and Central Africa. The Sub-Saharan Africa Women’s Empowerment and Demographic Dividend Plus project (SWEDD+) has […]