Additional $100 million for the Municipality of Casablanca

Requested for additional financing, the World Bank is preparing to consider a new loan of 100 million dollars in favor of the Municipality of Casablanca. It is intended to accelerate the “Support Program for the Municipality of Casablanca” initiated in 2017 – with the support of the World Bank – as part of the Greater Casablanca Development Plan launched in 2014 to boost attractiveness and competitiveness. economy of the city. It should be recalled that in December 2017, the Board of Directors of the World Bank had approved a first loan of 172 million euros (200 million dollars) in favor of the Municipality of Casablanca within the framework of the program activated in February 2018 and before to be closed, initially, in March 2023. This program aims to strengthen the investment capacities of the city of Casablanca by reducing the municipal revenue management system, strengthening the business environment and attracting private investment in infrastructure and services through public-private partnerships.

The program also aims to improve the living conditions of thousands of households in disadvantaged neighborhoods by giving them access to basic services. However, since 2020, the Covid-19 crisis has impacted the operational implementation of this program as well as the financial situation of the Municipality. At the latter’s request, the program was restructured in 2021 to relaunch the various actions with a new component relating to climate resilience. The Municipality of Casablanca has thus requested new funding from the World Bank with the extension of the duration of the program until June 2026. It should be noted that this program piloted by the Municipality of Casablanca is based on close collaboration between decision-makers at the local level. , regional and national. The overall cost of its implementation amounts to 501.3 million dollars, including 300 million financed by the World Bank (ie the combination of the two loans).


Not all news on the site expresses the point of view of the site, but we transmit this news automatically and translate it through programmatic technology on the site and not from a human editor.
Back to top button