Keywords: World Bank


 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......

Moroccan Diaspora’s Remittances Hit $10 Billion in October, Bolstering Economic Growth

Morocco’s economy continues to benefit from robust remittances sent by its diaspora, with recent data from the country’s Exchange Office revealing that these transfers reached MAD 100.290 billion ($10 billion) by the end of October 2024. This marks a notable increase from MAD 96.51 billion......

Strengthening Waste Management in Morocco: A New $250 Million Program from the World Bank

The World Bank has approved a significant financial boost for Morocco’s waste management sector with a $250 million grant aimed at improving the management of municipal solid waste. This initiative, called the Municipal Solid Waste Management Support Program, seeks to enhance both the financial......

Morocco Faces Significant Economic Losses Due to Climate Change: A 6.5% GDP Decline by 2050

Morocco is grappling with the escalating impacts of climate change, a challenge that demands urgent solutions across its economic, social, and environmental sectors. The World Bank forecasts that by 2035, 32% of jobs in Morocco’s coastal tourism sector could be at risk, a stark reminder of how......

World Bank Strengthens $8 Billion Development Partnership with Morocco

The World Bank has reinforced its commitment to Morocco's development agenda, highlighting a robust partnership that encompasses 27 active projects valued at $8 billion. This announcement comes one year after the landmark 2023 Annual Meetings held in Marrakech. The institution's renewed dedication......

IFC Injects $37 Million to Modernize Morocco's Logistics Infrastructure

In a significant move to strengthen Morocco's logistics sector, the International Finance Corporation (IFC) has announced a $37 million investment in Building Logistics Services (BLS), a key logistics operator in the North African nation. The agreement, signed during the International Monetary Fund......

Morocco Appoints New Education Ministers Amid Student Protests and Learning Challenges

Morocco has appointed new ministers to lead its education and higher education sectors during a significant government reshuffle, occurring against the backdrop of educational challenges and student unrest. Mohamed Saad Berrada, a member of the Rally of Independents (RNI) Political Bureau, has assumed......