First Independent Mena Newspaper
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
The World Bank will grant Tunisia $35 million destined to support the health ministry in its fight against the novel covid-19 and finance the purchase of medical equipment. The Washington-based institution in a statement said $20 million of the aid package is earmarked to bolster the capacity of the health system and support the North […]
The World Bank has warned that the rapidlyspreading coronavirus outbreak is expected to push sub-Saharan Africa into recession in 2020 for the first time in 25 years. The International lender’s Africa’s Pulse report released on Tuesday said the region’s economy will contract 2.1% to 5.1% from growth of 2.4% last year, and that the coronavirus […]
The World Bank approved a first set of emergency support operations for developing countries around the world, using a dedicated, fast-track facility for COVID-19 (coronavirus) response. The first group of projects, amounting to $1.9 billion, will assist 25 countries, and new operations are moving forward in over 40 countries using the fast-track process, the international […]
African finance ministers have requested the support of the International Monetary Fund, the World Bank and the European Union for bilateral, multilateral and commercial debt relief amid the coronavirus crisis. The request was germinated from the second virtual meeting on Tuesday, hosted by Vera Songwe, Executive Secretary of the Economic Commission for Africa, and […]
The World Bank has granted Egypt a $500 million additional financing destined to support ongoing efforts to improve the affordability of formal housing for low-income households, the Washington-based institution said in a statement. The financing also seeks to strengthen Egypt’s Social Housing and Mortgage Finance Fund capacity to design policies and coordinate social housing programs. […]