Morocco Post Benefits from World Bank Loan

The World Bank and the Government of Morocco signed two loan agreements worth a total of $97.6 million this month. The financing, approved by the World Bank last May, will fund the Irrigation Based Community Development (IBCD) program and reforms in Morocco’s Information Technology (IT) infrastructure.” One of the loans “aims to support the government’s program of privatization and liberalization of the telecommunications sector, extend services and strengthen the regulatory environment. The financing will also assist the government in the formulation and implementation of a strategy for the use and development of information technologies and in devising a national strategy for the postal sector, including the financial services provided through the postal network, which will serve as a basis for further specific reforms.