The World Bank looked, in a monitoring report published on Tuesday, October 9, at the economic situation in Morocco and the challenges to be met, in particular those related to the prevailing poverty.
The external debt of developing countries has increased to $7,800 billion in 2018, an increase of 5.3% year-on-year, according to a World Bank report. The situation has deteriorated in several countries since 2009, including in Morocco, warns the international institution. At the end of 2018, the stock of the Kingdom’s external debt reached a more than significant amount.
Severe criticism against Morocco in its natural disaster management policy. The Kingdom has been singled out in a World Bank report. According to the financial institution, the authorities have no prevention strategy. The recent material and human damage caused by the floods recorded in the southern regions of Morocco reinforce the World Bank in its Report.
Morocco is the most connected African country to the Internet. This is revealed by a recent World Bank study on Internet access in Africa.
The Government’s efforts are generating a lasting impact on the national economy, which has grown. However, efforts remain to be made at the level of the dynamics of the private sector, through the implementation of several changes, indicates a World Bank Report.
The World Bank approved on Tuesday the granting of a loan to Morocco of around 611 million euros, or more than 6 billion dirhams, for the development of digital technologies.
The World Bank has just revised its economic growth forecasts upwards for Morocco for the year 2019.