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Keywords: World Bank
Morocco's business landscape is facing significant challenges, as revealed by a recent joint report from the World Bank and the Moroccan Observatory of Very Small, Small, and Medium Enterprises. The study, titled "Unleashing the Potential of the Moroccan Private Sector: An Analysis of Business......
Washington D.C. witnessed a celebration of the enduring partnership between Morocco and the International Monetary Fund (IMF) and World Bank Group on Wednesday evening. The event, hosted by the Moroccan Embassy, marked the first anniversary of the prestigious annual meetings held in Marrakech last year. Addressing......
Morocco has unveiled a transformative initiative aimed at generating 30,000 jobs in the burgeoning green hydrogen sector, marking a significant step in the country's renewable energy strategy. During the World Power-to-X Summit in Marrakech, Younes Sekkouri, Minister of Economic Inclusion, Small......
The European Union's latest banking regulations, initially designed to address post-Brexit financial concerns, have inadvertently raised alarms in Morocco. These new rules threaten to disrupt a crucial economic lifeline for the North African nation – remittances from its diaspora in Europe. In......
In a significant move to transform Mali's agricultural landscape, OCP Africa, the African subsidiary of Morocco's OCP Group, has entered into a partnership with Mali's Ministry of Agriculture. This collaboration, backed by the World Bank, aims to enhance agricultural productivity through......
Morocco's coastal tourism sector, a vital component of its blue economy, faces a stark challenge as climate change threatens to erode up to 32% of jobs by 2035, according to a recent World Bank report. The study, "Climate Change Impacts on the Blue Economy in Morocco: Prospects for Jobs in Coastal......
A recent study conducted by researchers from the University of Portsmouth in the United Kingdom has shed light on Morocco's significant contribution to tackling the worldwide issue of plastic pollution. The study, which analyzed data from various sources, including the United Nations Environment......
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......