The OCP Group has announced that it has obtained the support of the Multilateral Investment Guarantee Agency (MIGA), a World Bank Group entity, for the guarantee of loans financing a new UM6P campus in Rabat.
Some 77% of Moroccan borrowers turn to friends and family rather than banks. This is revealed by the World Bank’s 2021 Global Findex survey.
The World Bank will provide a $250 million financing to help Morocco implement its development program for the Northeast economic region.
Morocco plans to return to the international debt market this year. It could raise 25 billion dirhams.
The World Bank will approve this week a $350 million loan to help Morocco implement its blue economy development program. This credit represents 79.74% of the total financing of the five-year program (2022-2026) estimated at $438.90 million.
More than 90% of Moroccans resort to consumer credit out of necessity. A mode of financing that is nevertheless poorly perceived in society. This is revealed by a study carried out by a specialized firm.
Morocco and the OPEC Fund for International Development have signed a $100 million loan agreement for the financing of the inclusive financial sector , aimed at developing the economy and supporting the post-Covid-19 pandemic recovery.
The World Bank is expected to grant a $180 million loan to Morocco by the end of the month to support a program for the resilience and sustainability of irrigation water .
The European Union through the European Investment Bank (EIB) has announced its participation in a program to build 150 community schools and their infrastructure in rural areas in Morocco.
Between 1974 and 2020, the Arab Fund for Economic and Social Development (AFESD) has mobilized an amount of $5 billion for Morocco, making the kingdom its second largest client after Egypt.
Moroccan local authorities will soon be able to enter into borrowing operations internationally, following the updating of legislative texts during the government council.
The African Development Bank (AfDB) has approved the signing of a new loan agreement for the financing of an agricultural program, amounting to 1.2 billion MAD.