First Independent Mena Newspaper
Morocco has become member of the Government Debt and Risk Management (GDRM) program of the World Bank Treasury. The GDRM Program provides assistance to middle-income countries (MICs) to improve macroeconomic and fiscal management by reducing vulnerability to financial and other shocks. The GDRM Program brings a tailored approach to each country’s priorities and provides expert […]
The World Bank Board has announced a €172 million loan to the Moroccan city of Casablanca, hosting around 12 pc of the North African country’s population and contributing 20 pc of the national GDP. The loan, first of its kind, will enable the city’s managers to solve its growing urban challenges. It will support the […]
Morocco has taken several initiatives to gather support for climate action, notably in Africa, through landmark projects such as the Adaptation of African Agriculture Initiative (AAA), the World Bank’s Vice President for Sustainable Development, Laura Tuck, said. “We are delighted to see Morocco take the lead as part of efforts to implement the Adaptation of […]
The World Bank underscored Morocco’s “undeniable progress over the past fifteen years” saying that the North African Kingdom is on the path of an “emerging and politically stable country”. The report dubbed, “Morocco 2040 – Emerging by Investing in Intangible Capital” underscores that “Morocco has made undeniable progress over the past fifteen years not only […]
The World Bank issued a report mapping out actions needed to prevent water scarcity from impacting growth and stability in the MENA region. The report, dubbed “Beyond Scarcity: Water Security in the Middle East and North Africa,” estimated that the inadequate supply of water and sanitation is costing the Middle East and North Africa (MENA) […]
Morocco has received approval for a $25 million loan from the Climate Investment Funds’ Clean Technology Fund (CIF CTF) for a project to generate solar power through an innovative hybrid Concentrated Solar Power (CSP) and Photovoltaic (PV) solution. he Midelt Phase I Concentrated Solar Power Project is being supported by the African Development Bank (AfDB) […]
IFC, a member of the World Bank Group, and Proparco, a subsidiary of Agence Française de Développement (AFD), are investing €100 million and €35 million, respectively, in the first green bond issuance by Banque Centrale Populaire (BCP), to promote sustainable, environment friendly projects in Morocco. This is the first green bond issuance in foreign currency […]
The World Bank announced a $350 million program to support wide-ranging reforms of financial intermediation in Morocco, including new sources of financing for small and medium enterprises (SMEs). The loan also aims at improving the regulatory oversight of the banking sector and supporting the capital market development by broadening the range of instruments and strengthening […]
Morocco has an opportunity in the years ahead to boost economic growth and job creation, says World Bank Memorandum entitled “Morocco 2040- Emerging by Investing in Intangible Capital”. The new report, released Monday, provides an analysis of past economic performance as well as development opportunities and constraints, and then offers a roadmap for reforms to […]
United Kingdom government hosted May 11 a major international conference in London, to accelerate progress on security sector reform, build on the international response to the ongoing drought and humanitarian crisis. The conference seeks also to set new international partnership needed to keep Somalia on course for increased peace and prosperity by 2020. Heads of […]