The World Bank approved a MAD1.7 billion Investment Project Financing loan to help support Moroccan farmers against drought effects, according to the bank’s recent press release.
“Climate change and population growth are putting increased pressure on water and land resources in Morocco,” said the press release.
The World Bank stated that the country is experiencing water shortages due to the lack of rainfall, resulting mainly in drought.
The World Bank set up for this aim resilient and sustainable water in an agriculture project. This plan will help enhance the governance of water in agriculture, improve the quality of irrigation services, and increase access to advisory services for irrigation technologies.
“Agriculture is at the heart of Morocco’s economic and social ambitions and this project financing will support this vital sector, in alignment with the country’s Green Generation strategy, the National Water Plan, and the New Development Model,” said World Bank Country Director for the Maghreb and Malta, Jesko Hentschel in the press release.
The World Bank’s program is built around three areas, mainly water management, and providing climate-smart irrigation and drainage services.
The third area will connect over 23,500 farmers with advisory services geared towards optimizing investments, enhancing climate resilience, and improving water productivity.
On March 22, World Bank Group President David Malpass visited Casablanca and Rabat for a two-day visit.
The visit reaffirms the World Bank Group’s commitment to partnering with Morocco for better development outcomes, said a previous press release.
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