First Independent Mena Newspaper
The World Bank Group’s Board of Executive Directors has approved a new Country Partnership Framework (CPF) with Morocco, which will guide the financial and technical assistance program over the next six years, as well as a $700 million project to promote the country’s digital technology. According to the WB, the North African Kingdom is at […]
Tanzania’s President’s office last weekend said India’s Bharti Airtel has agreed to give part of its stake in Airtel Tanzania to the government. If confirmed, Tanzania government’s holding in the mobile phone operator will rise to 49 percent from 40 percent. According to local media, the announcement followed talks in Dar es Salaam between President […]
Morocco has been classified among developing countries that notably improved their renewable energies sector and policies since 2010. This came in the recently published World Bank report of the 2018 Regulatory Indicators for Sustainable Energy (RISE) that listed 133 countries’ renewable energies improvements. Morocco got a score of 74, according to the report of RISE, […]
A new World Bank report forecasts growth in the Middle East and North Africa (MENA) to reach 2.8% by 2020, but calls for a regional push toward a new digital economy that would generate higher levels of growth. Growth in the MENA region is projected to rebound to an average of 2% in 2018, up […]
Morocco and the World Bank started Monday in Rabat discussions on a set of issues, on top of which preschool education and the consolidated social register that will identify families deserving to benefit from social assistance programs. The discussions are held during the visit World Bank Vice President for the Middle East and North Africa […]
The World Bank has granted Morocco a $125 million additional financial support to enable the North African Kingdom build the Noor-Midelt I and II plants expected to produce 600-800 megawatts. The Noor-Midelt complex will be the country’s second concentrated solar power (CSP) complex built under the Noor Solar Plan. The Solar Plan is a critical […]
The Moroccan tourist city of Marrakech will host the joint annual meetings of the World Bank Group (WBG) and the International Monetary Fund (IMF) in October 2021. The decision was made by the Boards of Governors of the two institutions. It shows the trust Morocco enjoys at the international scene. The joint WB-IMF meetings bring […]
The World Bank urged Morocco to adopt a new growth model oriented towards boosting exports and strengthening the private sector. “Morocco’s growth model shows signs of weaknesses as it is confronted with a series of sustainability issues that risk, with varying degrees of intensity, impeding further progress,” the World Bank said in its April economic […]
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 […]