First Independent Mena Newspaper
The World Bank has released $100 million for the World Food Program to tackle “deep food insecurity” for 2 million people in Sudan. The Washington-based institution in a statement said the funds will help provide an “emergency safety net” amid worsening hunger in the northeast African nation “caused by a poor harvest and rising international […]
Morocco’s economic growth is expected to slow to 1.1% in 2022 due to a sharp drop in agricultural production but national GDP will increase 4.3% in 2023, the World Bank said. Morocco’s economy grew 7.8% last year as the economy continued to recover from the Covid-19 impact amid an exceptional agricultural output making up for […]
Remittance flows to Morocco increased by 40 pc in 2021, reaching $10.4 billion, says the World Bank in its latest “Migration & Development Brief”. With such performance, Morocco becomes the second-largest recipient of remittances in the Middle-East and North Africa region. Indicators for early 2022 suggest a continuation of buoyancy in receipts, says the WB […]
Moroccan economic growth is expected to reach 1.1 pc this year before rebounding to 3.4 pc in 2023, says the World Bank in its latest updated forecast. The WB says growth in Morocco is projected to slow to 1.1% in 2022 as agricultural output declines by 17.3% due to the drought. The economy is projected […]
The Board of Directors of the World Bank approved Saturday a $180 million loan to Morocco to finance investment projects in resilient and sustainable agriculture in the Kingdom. The loan, allocated to the Resilient and Sustainable Water Management in Agriculture (RESWAG) project, aims to strengthen the governance of water resources in the agricultural sector, improve […]
The World Bank is ready to strengthen its support to Morocco’s economic and social development efforts, said Wednesday in Rabat, President of the World Bank Group, David Malpass. The WB official, who had meetings with Head of the Government Aziz Akhannouch and Minister of Economy and Finance, Nadia Fettah Alaoui, congratulated Morocco for “its effective […]
The World Bank Tuesday announced the intent to provide $400 million to Tunisia in view of backing social reforms. Ferid Belhaj, World Bank Vice President for Middle East and North Africa, made the announcement to Tunisian Prime Minister Najla Bouden during a visit. The World Bank official also indicated that the US-based institution will help […]
The World Bank Group-IMF Annual Meetings, initially scheduled to take place in Marrakech in October 2022, will take place in 2023, the two financial institutions announced in a press release this Monday. “The planned World Bank Group-IMF Annual Meetings that were scheduled to take place in Marrakesh, Morocco, in October 2022, will now take place […]
The Moroccan economy is expected to grow by 3.2 percent in 2022 against 5.3 pc growth recorded the previous year, says the World Bank in its latest Global Economic Prospects report. Morocco’s output is expected to slow this year from the previous year’s rebound as the Kingdom’s agricultural performance returns to historical averages after the […]
After a series of attacks by the Algerian government through its official media, the World Bank has responded in a well-thought statement that defended its latest data-based report warning on worsening poverty and economic conditions in Algeria. The official mouthpiece of the military regime in Algeria has published at least three articles in which it […]