First Independent Mena Newspaper
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 […]
Morocco has one of the lowest covid-19 fatality rates (deaths in proportion to total infections) in the world (less than 2.6 pc), while 90 pc of the reported cases have already recovered, said the World Bank. In a feature published Wednesday after announcing a $48 Mln loan to support the Kingdom’s health system, the WB […]
The World Bank has approved a $48-million loan to Morocco to enable the country mitigate the impacts of the coronavirus pandemic which has so far infected 8,985 people in the North African Kingdom, killed 212, while 7,960 others recovered. The loan, which is part of an ongoing Program for Results project, approved in 2015, aims […]
The World Bank delivered bleak prospects for growth in Morocco which was seen dropping to -4% in 2020 from 2.5% last year on the backdrop of the coronavirus outbreak. The forecast is close to that of the -3.7% put forward by the IMF for 2020 to which drought worsened Morocco’s growth prospects. The spread of […]
The World Bank has highlighted Morocco’s wind energy potential that it described as “great”. This came in a World Bank analysis of emerging markets for offshore wind, undertaken by the WB Energy Sector Management Assistance Program in partnership with the International Finance Corporation. The analysis, which focused on Morocco and a number of other countries, […]
News Stream May 01,2020