First Independent Mena Newspaper
Egypt is negotiating with five international financial institutions funding for planned Aswan-Toshka railway project linking the Arab republic to neighboring Sudan, reports say. The European Bank for Reconstruction and Development, European Investment Bank, World Bank, Asian Infrastructure Investment Bank, and Islamic Development Bank, Arab Finance reports citing Al Mal. The media did not disclose the […]
The World Bank approved on Wednesday a $450 million loan for Morocco which is deploying sustained efforts to modernize its public sector through the implementation of an ambitious governance reform program . Over the past few years, Morocco has embarked on long-term and wide-ranging reforms to improve the overall performance of the public sector and […]
Morocco has been elected to the presidency of the Center for Mediterranean Integration (CMI) for the period 2021-2024, the Ministry of Economy, Finance and Administration Reform and the World Bank Group announced. “As part of the governance reform of the Center for Mediterranean Integration (CMI) now providing for a rotating presidency among the member countries […]
The World Bank has tied allocation of a loan to Tunisia to a number of conditions including the appointment of an economist as Premier, the Washington-based bank’s Vice President for Middle East and North Africa Ferid Belhaj, who was on a visit to Tunis this week, has revealed. Tunisia has been without a Prime Minister […]
The World Bank approved a $450 million loan to support Morocco’s reforms to expand the availability of financial services and digital infrastructure for individuals and businesses, as well as improving financial inclusion and digital entrepreneurship. The loan seeks to deepen reforms aimed at boosting the financial resilience of households and micro-, small-, and medium-size enterprises […]
The World Bank has added $100 million to an existing $200 million loan to help Morocco manage natural risks and hazards. “Protecting the people and economy against natural hazard can save Morocco over US$800 million a year,” said Jesko Hentschel, World Bank Maghreb Country Director. “Developing more resilience to the risk of natural disaster is […]
The World Bank has allocated Tunisia $300 million to help support more than one million Tunisian families living under the poverty line, the office of President Kais Saied said Monday. The announcement came following a meeting between the Tunisian President and Férid Belhadj, World Bank Group Vice President for MENA region. Financial support, the […]
The World Bank Vice-Pdt for the MENA region Farid Belhaj has voiced the bank’s readiness to increase its support to Morocco in social and economic sectors to enable the Kingdom take up development challenges. At separate meetings in Rabat with Head of Government Saad Dine El Otmani and Moroccan Minister of Economy & Finance Mohamed […]
The World Bank has approved a $400 million loan in support of Morocco’s social protection reforms and strengthening the resilience of households to the pandemic repercussions. This project supports Morocco’s response to the pandemic as well as its plans to build a broad, effective and vital safety net system for vulnerable populations, the World Bank […]
The coronavirus pandemic hit the income of many Moroccans with 1.05 million people expected to fall into poverty, the high commission for planning said. Poverty may grow in Morocco to 6.6% of the population this year, said a report co-drafted by the high commission for planning, the World Bank and the UN. Morocco has undertaken […]