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Keywords: World bank
The World Bank has reinforced its commitment to fostering economic growth and development in the Maghreb region with the appointment of Ahmadou Moustapha Ndiaye as the new Regional Director for the Maghreb and Malta. This strategic move signals an intensified focus on supporting economic reforms and......
In a historic shift, Ethiopia has ended its half-century-long control over the birr, its national currency. Driven by unmanageable debts and dwindling foreign reserves, this decision marks a significant turning point for the Horn of Africa nation. In July 2023, Ethiopia liberalized its exchange rate......
As the world increasingly leans towards digital solutions, the concept of Central Bank Digital Currencies (CBDCs) has gained momentum. Yet, while some nations have ventured into this realm, success stories remain elusive. With Morocco poised to introduce the e-Dirham, questions arise about its potential......
Morocco stands at a pivotal crossroads as it seeks to transition to high-income status. The World Bank’s 2024 World Development Report, titled “The Middle Income Trap,” outlines a comprehensive roadmap for over 100 middle-income nations, including Morocco, to achieve this ambitious......
In a recent statement coinciding with Morocco's Throne Day celebrations, Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF), extolled the nation's remarkable economic and social advancements under King Mohammed VI's stewardship. Georgieva's commendation......
A Year of Challenges and Triumphs In a year marked by significant adversity, Morocco's economy showcased remarkable resilience. Despite navigating inflationary pressures, severe drought, and the aftermath of a devastating earthquake, the North African nation recorded a notable 3.4% growth rate in......
Morocco's economic landscape in 2023 painted a picture of resilience and adaptability, as the nation navigated through a complex web of global and domestic challenges. The World Bank's latest report sheds light on the country's economic performance, revealing a commendable 3.4% increase in......
Morocco's economy is set for a significant rebound in 2025, according to two recent reports from the Moroccan High Commission for Planning (HCP) and the World Bank. These projections anticipate considerable growth driven by a recovery in the agricultural sector and sustained strength in non-agricultural......
In a strategic move to elevate Marrakech as a prime location for prestigious global events, Fouzi Lekjaa, President of Morocco's Football Federation (FRMF), highlighted the city's distinctive advantages for hosting high-caliber gatherings, including the 2030 World Cup. During a pivotal meeting......
