Keywords: World bank
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......
Despite Morocco’s strong digital infrastructure and widespread mobile phone use, more than half of the adult population remains excluded from the official financial system, according to the World Bank’s Findex Global Database 2025, released this Wednesday. The report reveals that only 44%......
Morocco’s economy demonstrated strong momentum in the first quarter of 2025, with GDP expanding by 4.8%, significantly outpacing the 3% growth recorded during the same period in 2024. According to the High Commission for Planning (HCP), this growth was driven by a rebound in agriculture, robust......
Morocco has secured $250 million in financing from the World Bank to advance its ambitious reform of social protection systems. The funding supports Morocco’s "Support to Strengthening of Social Safety Nets for Human Development Project," which aims to reduce poverty, improve aid delivery,......
Remittances from Moroccans residing abroad accounted for nearly a tenth of the country’s GDP At 5 a.m., Joulya Azmi zipped her suitcase shut for the last time in Bordeaux, France. The Franco-Moroccan nurse had spent nine years in France—slogging through night shifts, dodging microaggressions,......
A new World Bank report has spotlighted a troubling trend within the Middle East and North Africa (MENA): since 2000, per capita GDP growth in the region has consistently lagged behind that of comparable economies. This stagnation is largely attributed to the underperformance of the private sector, which......
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