First Independent Mena Newspaper
Morocco and the World Bank signed on Monday in Rabat a €236.7 million loan agreement for the funding of the North-East Economic Development Project destined to improve transport connectivity and rev up the private sector growth in the North-Eastern region of the Kingdom. The agreement was inked by Economy & Finance minister Nadia Fettah Alaoui […]
The World Bank has warned against the macroeconomic impact of droughts and water scarcity in Morocco wherein economic growth is expected to slow down in 2022 to 1.3 pc from 7.9 pc posted last year. While low rainfall shocks have historically been a driver of macroeconomic volatility in Morocco, droughts tended to be followed by […]
Morocco has hosted within four weeks three key events to leverage resources and spur joint action in favor of Africa’s financial resilience in the face of overlapping crises. Last month, Morocco hosted a meeting of African Union finance ministers to discuss common challenges and how to maintain steady funding for the continental organization. The same […]
The World Bank approved Friday a $250 million loan to Morocco for the economic development of its North-Eastern region. The funding will help improve transport connectivity and enable private sector growth in the North-East region, notably around the development of the Nador West Med (NWM) maritime complex. Morocco is implementing a major infrastructure investment plan […]
The World Bank has approved a $100 million additional financing for the Casablanca Municipal Support Program. The amount adds to the initial program of $200 million originally approved in 2017. The program supports the city’s financial and institutional strengthening under the Greater Casablanca Development Plan (Plan de Développement du Grand Casablanca, PDGC) with the aim […]
The World Bank (WB) has just approved a $500 million loan to improve protection against health risks, childhood human capital losses, old-age poverty and climate change in Morocco. This is the first in a series of three grants for a government reform program that is concurrently receiving support from other development partners, the Washington-based organization […]
Morocco’s central bank, Bank Al-Maghrib, and the World Bank announced on Tuesday the launch of the City-Tour concept, an innovative training-action to improve access to financial services. The City-Tour concept, launched in the framework of the Greenback Initiative Morocco, consists in organizing guided tours to financial services agencies for the benefit of potential users, supervised […]
Be nice to people on your way up because you might meet them on your way back! So says an adage that applies well to Algeria’s hysterical and hostile attacks on the World Bank after it issued a report that merely states the obvious and urges Algeria to take action to avert the collapse of […]
Morocco’s economic growth is expected to rebound to 4.6 pc in 2021 as drought conditions ease, policy remains accommodative, and virus and vaccine trends are favorable, says the World Bank in its latest report on global economic prospects. The updated WB projections, which are taking into account various external and internal factors, confirm the International […]
The World Bank has approved a $450 million loan to support Morocco’s long-term strategy to strengthen human capital and fund the 3rd phase of the country’s National Initiative for Human Development, focusing on early childhood development (ECD). “Morocco’s future social and economic trajectory is conditioned by improving its ability to accelerate progress in accumulating human […]