Tag: World Cup infrastructure
Business Headlines International Morocco

IMF sees World Cup infrastructure driving medium‑term growth in Morocco

North Africa PostComments Off on IMF sees World Cup infrastructure driving medium‑term growth in Morocco

Morocco’s preparations for hosting the 2030 FIFA World Cup are expected to involve a significant multi‑year infrastructure investment program amounting to about 12% of GDP between 2024 and 2030, according to the International Monetary Fund’s latest Article IV consultation report. The IMF estimates total spending at around 190 billion Moroccan dirhams ($20 billion), covering mostly projects in railways, […]
Emerging Markets Finance Headlines Morocco

AfDB loans Morocco €350 mln, promises €650 mln for World Cup infrastructure financing

North Africa PostComments Off on AfDB loans Morocco €350 mln, promises €650 mln for World Cup infrastructure financing

The African Development Bank signed a loan agreement worth 350 million euros in support of Moroco’s economic governance, climate resilience, water management, and industry as it also plans to extend a financing of 650 million euros to help Morocco develop transport infrastructure. As part of the first loan, signed during the Africa Investment Forum (AIF) […]