the World Bank approves $250 million in financing for Morocco – AgriMaroc.ma

the World Bank approves $250 million in financing for Morocco – AgriMaroc.ma
the World Bank approves $250 million in financing for Morocco – AgriMaroc.ma

The World Bank has approved $250 million in financing to strengthen the resilience of Morocco's agri-food system in the face of climate change, while improving food safety and quality.

“The new program aims to strengthen climate resilience and risk management in rain-fed agriculture by promoting climate-smart practices, and improving water and soil management through conservation agriculture,” says , in a press release, the international financial institution, based in Washington.

The program will further contribute to improving livelihoods and the quality of jobs by stabilizing yields, and mitigating climate risks, notably through the promotion of no-till agriculture and increasing the area covered by agricultural systems. reformed agricultural insurance, adds the same source.

This initiative will also strengthen food security, food quality and nutritional security by supporting the expansion of organic farming over 25,000 hectares, improving olive oil quality control, and mitigating food-related health risks at the distribution level thanks to the improvement of health standards in around 1,200 food outlets.

According to the World Bank, the program also aims to help farmers produce and market quality food, while increasing their income through better access to markets. It will also reduce food loss and waste, strengthen the capacities of the public and private sectors and raise awareness about nutritional security. In total, the program is expected to benefit 1.36 million people, including nearly 120,000 farmers and more than a million consumers, through improved food safety and nutrition.

Read also: Morocco-Germany: signing in Rabat of a €100 million agreement to finance the climate policy support program

“By supporting an ambitious scale-up of climate-smart agricultural practices, this innovative program supported by the World Bank will help Morocco create green jobs in rural areas and strengthen national food security, in line with the Generation Green program 20202030 of the country,” said Ahmadou Moustapha Ndiaye, World Bank Country Director for the Maghreb and Malta.

A $5 million donation from the Liveable Planet Fund (LPF) “will strategically strengthen the program, supporting small farmers, to implement an innovative system of decoupled incentives, facilitating their transition from conventional agricultural practices to climate-smart practices,” the press release said.

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