Morocco is one of the countries “most exposed to geological and climate-related hazards” in the MENA region, according to a recent report published by the World Bank.
Natural disasters such as droughts, floods, and earthquakes cost the Kingdom more than USD 575 million every year, the World Bank noted, adding that rapid urbanization and climate change will only serve to further exacerbate natural disasters.
The World Bank’s report revealed that its Integrated Disaster Risk Management and Resilience Program has managed to enhance Morocco’s resilience by “improving the country’s institutional capacity for disaster risk management and risk-reduction investments.”
In partnership with the Ministry of Interior and the Ministry of Economy, the World Bank’s project relies on a combination of financing and technical assistance tools, with two of its construction loans funding a comprehensive Program-for-Results, used for the first time in disaster management.
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