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Keywords: World bank


Morocco rethinks welfare with direct aid and social protection reforms

Morocco is undergoing a significant transformation in its approach to welfare and social protection, aiming to modernize its support systems while addressing long-standing economic and regional disparities. Central to this shift is the gradual reduction of the Compensation Fund, the country’s hallmark......

World Bank hails Morocco’s rise as a regional trade and finance hub

Morocco’s growing prominence as a regional trade and financial hub has drawn renewed attention from the World Bank, which praised the North African country’s progress while urging continued reforms to unlock the full potential of its capital markets. In its latest assessment, the World Bank......

African aviation chief urges tax reform to curb youth exodus and boost jobs

Africa’s aviation industry faces a crisis of over-taxation that threatens to deepen youth unemployment and migration across the continent, according to Esayas Woldemariam Hailu, CEO of ASKY Airlines. Speaking at a World Bank summit in Washington, D.C., Hailu warned that excessive levies on airline......

Morocco to revise 2026 budget with stronger focus on health and education

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......

World Bank lifts Morocco’s 2025 growth outlook to 4.4% as key sectors drive recovery

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......

Tanger Med loses top spot in Africa but remains a global maritime leader

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......

Morocco faces World Bank warning of possible retirement age at 70

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 signs $1 billion investment deals with international finance corporation

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......

Morocco’s NOOR complex leads Africa’s renewable energy revolution

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......