Morocco's King Mohammed VI laid on Wednesday the foundation stone of "the Mohammed VI football academy" near the city of Sala Al Jadida, at a total cost of US$19 million. Stretching on 18 ha, the new facility mainly aims at identifying and training soccer players through an educational system combining sport and study.
The World Bank (WB) administration board approved, on Thursday, a USD 100Mn loan to fund the program of public administration reform in Morocco, a press release of the world finance institution said.
The loan that will be paid out by the international bank for reconstruction and development (IBRD), is to benefit from an 8-year grace period and is repayable over 20 years.