Keywords: World bank
Gabon has approved a 129.7 million euro loan from the International Bank for Reconstruction and Development (IBRD) to support improvements in drinking water, sanitation and electricity services. The government endorsed the bill authorizing the borrowing during a Council of Ministers meeting chaired......
The World Bank has approved a $165.9 million grant to help Malawi strengthen its resilience to climate-related shocks and economic pressures, with a focus on social protection, employment opportunities and support for vulnerable households. The new funding is designed to connect social safety nets with......
Morocco’s Innov Invest fund has received the highest rating under the World Bank’s evaluation framework, highlighting the results achieved in supporting the country’s emerging startup ecosystem. Implemented by Tamwilcom on behalf of Morocco’s Ministry of Economy and Finance,......
The World Bank has appointed Nobel Prize-winning economist Michael Kremer as its next chief economist and senior vice president for development economics, placing an influential advocate of evidence-based policy at the center of the institution's global research and development agenda. Kremer, a......
Russian President Vladimir Putin has called for a broader transformation of the international system, urging the expansion of the United Nations Security Council and reforms to major global financial and trade institutions. Speaking at the 18th BRICS summit in New Delhi, Putin argued that the international......
The International Finance Corporation (IFC) is preparing to enter Morocco’s distressed debt market through a joint investment platform with Germany’s EOS Group, in a project that could mobilize up to €60 million. The initiative, known as “DARP NPL EOS Morocco,” would establish......
Malawi is facing a major funding shortfall as it seeks to mobilize $7.06 billion by 2035 to finance climate action, with a gap of approximately $4.28 billion expected to depend largely on international donors and climate finance mechanisms. Under the country’s latest climate plan, domestic resources......
Morocco is emerging as one of Africa’s most industrially advanced economies, with growing integration into global value chains and a strategic position between Europe and the African continent, according to a recent World Bank report. The report, titled “Integrating Africa: From Threads......
Morocco is consolidating its position as one of Africa’s more integrated economies in regional industrial value chains, particularly in automotive components and aerospace, according to a recent World Bank report on economic integration across the continent. The report, titled “Africa Integration:......
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