First Independent Mena Newspaper
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 […]
The World Bank Group has approved a $200m fund to implement the Regional Off-Grid Electrification Project (ROGEP) in West Africa and Sahel region. The fund includes $150 million in the form of credit and grant from the International Development Association (IDA) and $74.7 million contingent recovery grant from the Clean Technology Fund. ROGEP primarily seeks […]
The World Bank Group approved a $45 million loan to the Central African Republic to support the construction of a solar power plant near capital Bangui. The project, to have a capacity of 25 MW, will accelerate the economic development of the country, according to the government. The implementation is scheduled to begin in August […]
The European Investment Bank (EIB), the World Bank and the European Union (EU) will support a renewable energy program worth about €142 million in Gambia. The program will ensure that 1,100 rural schools and health centres will benefit from an energy supply using solar and battery technology. The European Union will provide €106 million. This […]
South Africa’s economic growth will accelerate to 1.3 percent in 2019 from an estimated 0.9 pct in 2018, the World Bank said on Tuesday citing the implementation of structural reforms announced last year. The World Bank projects South Africa’s economic growth at 1.7% in 2020, and 1.8% in 2021. Economic growth would be supported by […]
Morocco has an open economy that qualifies it host the IMF-World Bank Group conference in 2021 said IMF chief Christine Lagarde. Speaking at the IMF-WB joint meetings in Bali, Lagarde lauded Morocco as a country that epitomizes “the convergence of the humanitarian values that unite us all.” She added that Morocco offers an optimal venue […]
The World Bank and Morocco signed a loan agreement worth $200 million in support of the second pillar of the Green Morocco Plan, particularly in the areas of promoting citrus and olive oil industries. The loan, signed by the World Bank and the Ministry of Economy and Finance, targets small and medium sized producers of […]