First Independent Mena Newspaper
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 […]
Morocco will have to act quickly to respond to the scale of changes in the lives of individuals and in several sectors of its economy, particularly that of the informal sector, recommends a report released Monday August 17. COVID-19 presents a systemic risk creating vulnerabilities, widening inequalities and hindering the achievement of the Sustainable Development […]
The World Bank, the second largest international economic institution with the International Monetary Fund (IMF), has officially downgraded Algeria to lower middle-income status, a category of countries where income is considered “lower middle”. This new World Bank ranking is very bad news for Algeria, which is beginning to worry the international community because of its […]