{"id":88002,"date":"2024-11-14T00:00:00","date_gmt":"2024-11-14T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/climate\/2024\/11\/14\/imf-disburses-morocco-usd-415-mn-to-support-its-green-transition\/"},"modified":"2024-11-14T00:00:00","modified_gmt":"2024-11-14T00:00:00","slug":"imf-disburses-morocco-usd-415-mn-to-support-its-green-transition","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/climate\/2024\/11\/14\/imf-disburses-morocco-usd-415-mn-to-support-its-green-transition\/","title":{"rendered":"IMF disburses Morocco USD 415 mn to support its green transition"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>The International Monetary Fund (IMF) approved a USD 415 mn disbursement to support<\/strong><strong> Morocco's transition to a greener economy<\/strong>, according to a <a target=\"_blank\" href=\"https:\/\/www.imf.org\/en\/News\/Articles\/2024\/11\/12\/pr-24415-morocco-imf-concludes-2nd-review-under-the-arrangement-under-the-rsf\" style=\"\" rel=\"noopener\">press release<\/a>. This comes as a part of the Resilience and Sustainability Facility (RSF), which now totals USD 747 mn for Morocco.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>This has been in the works: <\/strong>The IMF\u2019s Executive Board signed off on a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/e0307974-cf56-4008-b595-f1a954046051\/\" style=\"\" rel=\"noopener\">USD 1.3 bn RSF<\/a> arrangement for Morocco last year. The IMF had reached a staff-level agreement with Morocco last month on the loan. The arrangement follows a separate USD 5 bn Flexible Credit Line <a target=\"_blank\" href=\"https:\/\/ent.news\/2023\/10\/649.pdf\" style=\"\" rel=\"noopener\">arrangement approved (pdf)<\/a> in April 2023 in response to slowed growth and raised inflation due to <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/f6479cae-8088-4aa8-92dd-8f4d017ec88d\" style=\"\" rel=\"noopener\">severe drought<\/a> and spillovers from Russia\u2019s invasion of Ukraine.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>That\u2019s not all:<\/strong> The World Bank is also set to approve a <a target=\"_blank\" href=\"https:\/\/documents.banquemondiale.org\/fr\/publication\/documents-reports\/documentdetail\/099080423065055651\/p1787680c8e9210220909e0057d1a8b7afa\" style=\"\" rel=\"noopener\">USD 250 mn financing package<\/a> aimed at transforming Morocco\u2019s municipal solid waste sector, <a target=\"_blank\" href=\"https:\/\/www.moroccoworldnews.com\/2024\/11\/366230\/world-bank-to-fund-morocco-s-sustainable-waste-management-program\" style=\"\" rel=\"noopener\">Morocco World<\/a><a target=\"_blank\" href=\"https:\/\/www.moroccoworldnews.com\/2024\/11\/366230\/world-bank-to-fund-morocco-s-sustainable-waste-management-program\" style=\"\" rel=\"noopener\">News<\/a> reported. The financing package will fund Morocco\u2019s Municipal Solid Waste Management Program, aligning with the National Household Waste Recovery Program. The program includes upgrading landfills, developing new waste recovery infrastructures, and closing abandoned sites to improve environmental conditions<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Morocco isn\u2019t alone:<\/strong> Negotiations started for Egypt to access <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/dea47c93-5840-490e-b540-d5a18df10b93\/\" style=\"\" rel=\"noopener\">USD 1.2 bn in green financing<\/a> from the IMF's RSF in May. The USD 8 bn expanded facility agreement in March paved the way for the country to apply for the additional low-cost climate financing.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>This comes as a part of the Resilience and Sustainability Facility which now totals USD 747 mn for Morocco<\/p>\n","protected":false},"author":1,"featured_media":88003,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[84],"tags":[83,11,164,546,45,136],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-88002","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-debt-watch","tag-debt-watch","tag-enterpriseclimate","tag-green-finance","tag-imf","tag-morocco","tag-waste-management","wpautop","entry"],"acf":{"mongo_id":"7b5459c7-5ade-46a0-b372-604c21924e6d","order":"8","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/11\/1383.jpg","photo_position":"above","homepage_title":"","full_issue_title":"IMF disburses Morocco USD 415 mn to support its green transition","related_issue":[87988],"teaser":"This comes as a part of the Resilience and Sustainability Facility which now totals USD 747 mn for Morocco","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/11\/.6b93579e-72c4-4e99-8a12-14728a262c78.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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