First Independent Mena Newspaper
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 […]
The World Bank has welcomed Morocco’s new development model (NMD), proposed by the Ad-hoc Committee on the Development Model (CSMD), as an unprecedented participatory plan that lays the groundwork for a forward-looking model. This model establishes the role and responsibilities of each actor, including citizens, in building a “prosperous, plural and open” Morocco, Director of […]
Tunisia Thursday subscribed for a €82.5 million loan from the World Bank, destined to support the vaccination campaign against the COVID-19 pandemic. The agreement for the subscription, in the pipeline since December, was signed by Tunisian Finance Minister Ali Kooli and WB Manager for Tunisia. The loan will come to maturity in 2039 at […]
The World Bank has lent Tunisia $100 million for the financing of the covid-19 vaccination campaign in the North African country which still counts at least 1,037 active cases. The announcement was made by Férid Belhadj, World Bank Group Vice President for Middle East and North Africa on the sideline of a meeting with President […]
Tunisia has budgeted $100 million, with the help of the World Bank, to acquire covid-19 vaccines, health minister Faouzi Mahdi said Wednesday. The North African country according to Mahdi will acquire the vaccine from several producers including Pfizer with whom it has already struck a delivery deal. The World Bank-backed budget will cover purchases from […]