Keywords: World Bank
A groundbreaking report jointly conducted by the World Bank and Morocco's Bank Al-Maghrib has sounded a stark warning about the vulnerable state of the nation's banking sector amidst the escalating risks of climate change. This pioneering analysis for the African continent sheds light on the......
In a stern warning, the African Development Bank (AfDB) has reiterated grave concerns over the escalating water scarcity crisis in Morocco, exacerbated by the adverse effects of climate change. The bank's latest report paints a grim picture, highlighting the far-reaching implications of this crisis......
In the vast expanse of Africa's fertile lands, a silent force labors ceaselessly to sustain communities and nourish nations. These unsung heroines are the female farmers, whose weathered hands and indomitable spirits serve as the backbone of the region's agricultural sector. However, their invaluable......
In an era fraught with global tribulations, Morocco has emerged as a paragon of resilience, surmounting economic challenges and distinguishing itself on the world stage. The North African nation's extraordinary economic performance, marked by sturdy growth and a sharp decline in inflation, has captivated......
In January 2024, data from the Office d'Échange, Morocco's foreign exchange regulator, revealed that Moroccan expatriate remittances stood at $910 million USD. While this indicates a slight 2.6% decrease compared to the same period last year, these inflows continue to surpass the five-year......
Morocco's economy and financial sector are poised for further enhancement, as Rabat and the World Bank affirm their dedication to elevating their partnership. During a meeting between Morocco's Finance Minister, Nadia Fettah Alaoui, and World Bank Vice President, Ferid Belhaj, both parties celebrated......
Esteemed economists and policymakers from the Middle East and North Africa convened in Cairo this week to formulate plans aimed at promoting inclusive development within the region. This high-level seminar sought to build upon the momentum generated during last fall's "Call for Action,"......
Morocco's Tanger Med Port is set to undergo a substantial $714 million expansion, bolstered by funding from the World Bank, as it targets growth and enhanced global competitiveness. The state-owned Tanger Med Port Authority aims to extend capacity, modernize facilities, and solidify its position......
In a promising development for Morocco's economy, new data from the Exchange Office reveals that remittances from the Moroccan diaspora have reached an impressive MAD 105.4 billion, equivalent to $10.65 billion as of November. This figure represents a notable 4.4% increase compared to the same period......
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