First Independent Mena Newspaper
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 […]
The International Monetary Fund, the World Bank and the Kingdom of Morocco announced the postponement of the Marrakech annual meetings for a year until October 2022 The annual meetings are usually held for two consecutive years at the World Bank and IMF headquarters in Washington, and then in a member country every third year. […]
The World Bank approved on Tuesday a $150 million funding in additional financing for Morocco’s Urban Transport Program, which seeks to improve the performance and the quality of public transport services. The additional funding will enable Morocco to adapt its program to address new priorities of mobility, including those related to the impact of covid-19 […]
The Moroccan government’s response to the coronavirus outbreak was “swift and decisive,” the World Bank said in its Economic Monitor report for July 2020. “The government’s proactive response enabled the country to avoid a massive outbreak, thus saving lives,” said the Washington-based institution, noting that continued good policy measures are “critical” both to shorten and […]
The World Bank announced on Tuesday a $500 million funding to help Morocco speed up its digital transformation and enhance its economic and social inclusion. The WB financial support will serve to improve financial inclusion and access to more competitive digital infrastructure and services for businesses and individuals. It also aims to spur private sector […]
Morocco and the World Bank inked a deal under which the North African country shall benefit from a precautionary line of 275 million dollars in the case of natural disasters. The deal was signed in Rabat by Finance Minister Mohammed Benchaaboun and Maghreb director at WB Jesko Hentschel. The World Bank had said in a […]
The World Bank approved a $275 million Disaster Risk Management Development Policy Loan for Morocco designed to both help the country strengthen its capacity to manage the financial impact of natural disasters and climate-related shocks, and to upgrade its institutional framework for disaster risk management. Morocco has been hit in recent years by the impact […]