Advertising

Keywords: World Bank


Morocco's Business Landscape Faces Critical Challenge as 40,000 Companies Face Closure in 2024

The Moroccan business sector is experiencing significant turbulence as an estimated 40,000 businesses are expected to close their doors by the end of 2024, according to recent reports from the Moroccan Confederation of SMEs (CMTPME). This dramatic increase in business closures highlights the ongoing......

Morocco's business growth masks mounting sustainability concerns

In the first ten months of 2024, Morocco's business landscape presents a complex picture of growth and challenges as the nation recorded 78,244 new business registrations, according to recent data from the Moroccan Office of Industrial and Commercial Property (OMPIC). This surge in entrepreneurship,......

Morocco's Diaspora Remittances Surge to $10.7 Billion, Strengthening Economic Ties

Morocco's expatriate community continues to make substantial contributions to the national economy, with diaspora remittances reaching MAD 108.67 billion ($10.7 billion) by November 2024, according to recent data from Morocco's Office of Foreign Exchange. This represents a 2.8% increase compared......

World Bank Provides Emergency Aid to Vanuatu After Devastating Earthquake

The World Bank has announced a $12 million grant to Vanuatu to support the country's emergency response and reconstruction efforts following a powerful earthquake that struck the archipelago on December 17. The 7.3-magnitude quake resulted in significant loss of life and widespread damage. Stephen......

Morocco’s Agricultural Diplomacy: Navigating Climate Challenges and Global Trade

Morocco’s thriving agricultural sector has long been a cornerstone of its economy and international engagement. Yet, as climate change intensifies, the nation faces mounting challenges that could reshape its agricultural landscape and global trade relationships. Agriculture as an Economic Pillar Agriculture......

OCP Africa Partners with Niger to Transform Agricultural Value Chains

OCP Africa, a subsidiary of Morocco’s OCP Group, has entered into a landmark partnership with Niger’s Ministry of Agriculture and Livestock to improve the country’s agricultural value chains. The agreement, announced on Friday, aims to promote sustainable agricultural development and......

 Transforming Agriculture in Niger A Strategic Partnership for Sustainable Growth  

OCP Africa, a subsidiary of the OCP Group, has entered into a groundbreaking partnership with Niger’s Ministry of Agriculture and Livestock to revolutionize agricultural value chains in the country. This agreement, supported by the World Bank, reflects OCP Africa's dedication to sustainable......

Morocco’s External Debt Reaches $69.267 Million in 2023

A recent report from the World Bank Group, International Debt Report 2024, reveals that Morocco's external debt surged to $69.267 million in 2023, a significant increase from $27.3 million in 2010. The report provides an in-depth analysis of the debt’s composition and the conditions of Morocco’s......

World Bank Announces Record $100 Billion Support for the Poorest Nations

The World Bank has unveiled an unprecedented commitment to aid the world's poorest countries, raising nearly $24 billion in new funds. This initiative will allow the bank to leverage these resources, unlocking a remarkable total of $100 billion in loans and grants. The goal is to address the pressing......