The World Bank is contributing to Morocco to help it better fight natural disasters. It has just validated an additional loan of $100 million to support the Kingdom in this direction.
So far, Morocco has shown strong resilience to the current crisis, as evidenced by the latest economic growth forecasts published by the World Bank.
The World Bank has agreed to grant a $450 million loan to Morocco. This loan is part of the institution’s support for the kingdom’s long-term strategy in the development of human capital, especially in early childhood.
Despite the health crisis, Morocco is ranked this year in fifth place in the list of the best economies in Africa. This is the result of the Forbes Middle East 2021 ranking, based on data from the International Monetary Fund and the World Bank.
A new development model (NDM) based on a strong economy, better human capital, not to mention social inclusion, territories and sustainability to transform Morocco by 2035 has been proposed by the Special Commission on the Development Model (CSMD). This has been approved by the World Bank, which says it is a participatory forward-looking scheme.
Looking at the table of implementation of social protection, Morocco is close to occupying the first rank on the African continent. This is what the President of the European Bank for Reconstruction and Development (EBRD), Odile Renaud-Basso, affirmed during her first official visit to Morocco on May 24 and 25 in virtual format.
To give a new face to the city of Casablanca through its 2016-2020 development plan, the town hall has requested a loan of around two billion dirhams from the World Bank. The latter has just released 54 million dirhams, of which 24 million dirhams will be dedicated to the fight against desertification.
After winning the contract for electronic national identity cards (CNIE), the French group Idemia has just won the contract for the Unified Social Registry (RSU) for the sum of 6 million euros.
Three financing agreements totaling $800 million have been signed by the Minister of Economy, Mohamed Benchaâboun, and the World Bank (WB) Country Director for the Maghreb, Jesko Hentscel.
The World Bank will allocate a $250 million financing to the program aimed at supporting the Génération Green (Al Jayl Al Akhdar) strategy dedicated to agriculture. This program was approved this week by the Board of Directors of the institution.
The World Bank (WB) Board of Directors has just approved an additional financing of $150 million to improve the state’s capacity to provide quality public transport and support local urban transport infrastructure investments. This investment is part of the urban transport program in Morocco launched in 2015.
The meetings of the World Bank and the International Monetary Fund (IMF) which were to be held in October 2021 in Marrakech have been postponed by one year. This is the decision made by the two institutions due to the Covid-19 pandemic.