First Independent Mena Newspaper
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 […]
The World Bank and Morocco inked on Thursday in Rabat a $500 million loan agreement destined to support the country’s pre-schooling and basic education, key for socioeconomic development and inclusive growth. The WB loan will enable the Moroccan government to improve the quality of preprimary education, enhance the skills of teachers of basic education and […]
Morocco’s competition council and the World Bank’s International Finance Corporation agreed to cooperate to promote the competitiveness of the private sector. The partnership was sealed following an event themed “revitalizing the competition framework in an open Morocco,” held recently in Rabat. Under this agreement, the Moroccan council shall benefit from the technical expertise of IFC […]
The World Bank has approved a $55 million loan to Morocco to enable the country develop youth employability programs in the Marrakesh-Safi region within the frame of a new project destined to provide economic support to youths. This project will combine training for lower skilled youth, support potential entrepreneurs and investments in local businesses in […]
Ghana has become the first-largest gold producer in Africa followed by South Africa, according to data released by the World Bank. According to the Washington-based institution, Ghana exported 158 tons of gold in 2018, about 15% increase over the previous year. Ghana has thus dethroned South Africa and returned to the high volumes of the […]