IMF disburses $49 million to Mauritania
This week the IMF Board of Directors approved a $49.2 million disbursement after concluding the Fourth Reviews of Mauritania’
Morocco has signed energy and water infrastructure deals worth over $14 billion with a consortium including Emirati energy giant Taqa and Morocco’s Nareva, part of the royal holding company Al Mada, AFP reports. The agreements, signed with the National Office of Electricity and Drinking Water and the Mohammed VI Investment Fund, aim to boost energy independence and water security by 2030.
Projects include a 1,400km high-voltage line carrying green electricity from Western Sahara to Casablanca, and multiple seawater desalination plants. Morocco, which sources 38% of its electricity from renewables, plans to raise that share to 52% by 2030. The country is also ramping up desalination as it faces increasing water stress.
The deal reflects deepening economic ties between Morocco and the UAE, as well as Rabat’s push to position itself as a regional leader in sustainable infrastructure amid growing climate pressures in North Africa.
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