Keywords: World Bank
Morocco’s government will revise its upcoming national budget to prioritize spending on health and education, aiming to address deep-rooted social disparities and respond to growing public discontent. The announcement comes after weeks of nationwide protests led by young Moroccans demanding better......
Morocco’s economy is expected to expand by 4.4% in 2025, according to the World Bank’s latest Regional Economic Outlook for the Middle East, North Africa, Afghanistan, and Pakistan (MENAAP). The updated forecast highlights stronger-than-expected performance across agriculture, tourism, and......
Morocco’s Tanger Med Port has reaffirmed its stature as one of the world’s most efficient container ports, ranking fifth in the 2024 Container Port Performance Index (CPPI), jointly published by the World Bank and S&P Global Market Intelligence. However, the port has ceded its long-held......
The World Bank has raised concerns that Morocco may eventually need to raise its legal retirement age to 70 in order to sustain its pension system. In a recent report titled “Adopting and Shaping Change: Human Capital in the Middle East and North Africa at a Turning Point”, the institution......
Iraq announced on Saturday the signing of investment agreements worth one billion dollars with the International Finance Corporation (IFC), a member of the World Bank Group, as the country seeks to strengthen its economic recovery. The agreements were unveiled during a ceremony marking 20 years of IFC......
A new report, The Renewable Energy Investment Case for Africa, has praised Morocco’s NOOR Complex as a landmark achievement in Africa’s clean energy transition. The solar plant, located in Ouarzazate, has become a global model for harnessing renewable energy to reduce reliance on imports......
The Asian Infrastructure Investment Bank (AIIB) has approved a $200 million loan to enhance Morocco's resilience to climate change, the Chinese Embassy in Morocco announced on Tuesday. The funding will support Morocco’s Nationally Determined Contribution (NDC) program, a cornerstone of the......
The World Bank has approved a $400 million financing package to support Ethiopia’s efforts to provide clean and reliable electricity to nearly six million people. The funding is part of the Accelerating Sustainable and Clean Energy Access Transformation (ASCENT) Program for Results (PforR), an......
The World Bank’s Board of Executive Directors has approved a second Development Policy Financing (DPF) operation for the Federal Republic of Somalia, amounting to $125 million. The grant will be provided by the International Development Association (IDA), the Bank’s fund for the world’s......
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