{"id":88492,"date":"2024-12-09T00:00:00","date_gmt":"2024-12-09T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/climate\/2024\/12\/09\/afdb-extends-eur-224-mn-in-financing-to-shore-up-moroccan-climate-resilience\/"},"modified":"2024-12-09T00:00:00","modified_gmt":"2024-12-09T00:00:00","slug":"afdb-extends-eur-224-mn-in-financing-to-shore-up-moroccan-climate-resilience","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/climate\/2024\/12\/09\/afdb-extends-eur-224-mn-in-financing-to-shore-up-moroccan-climate-resilience\/","title":{"rendered":"AfDB extends EUR 224 mn in financing to shore up Moroccan climate resilience"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Morocco and the African Development Bank (AfDB) signed two financing <\/strong><strong>agreements worth EUR 224.7 mn to shore up climate resilience<\/strong>, <a target=\"_blank\" href=\"https:\/\/www.mapnews.ma\/ar\/actualites\/%D8%A5%D9%82%D8%AA%D8%B5%D8%A7%D8%AF\/%D8%A7%D9%84%D9%85%D8%BA%D8%B1%D8%A8%D8%A7%D9%84%D8%A8%D9%86%D9%83-%D8%A7%D9%84%D8%A5%D9%81%D8%B1%D9%8A%D9%82%D9%8A-%D9%84%D9%84%D8%AA%D9%86%D9%85%D9%8A%D8%A9-%D8%AA%D9%88%D9%82%D9%8A%D8%B9-%D8%AB%D9%84%D8%A7%D8%AB-%D8%A7%D8%AA%D9%81%D8%A7%D9%82%D9%8A%D8%A7%D8%AA-%D8%AA%D9%85%D9%88%D9%8A%D9%84-%D8%A8%D9%82%D9%8A%D9%85%D8%A9-3447-%D9%85%D9%84%D9%8A%D9%88%D9%86-%D9%8A%D9%88%D8%B1%D9%88\" style=\"\" rel=\"noopener\">MAP<\/a> reported last week. The first agreement earmarks EUR 120 mn to support the country\u2019s climate resilience efforts, and another EUR 104.7 mn agreement will support Morocco\u2019s National Office of Electricity and Drinking Water (ONEE) to implement a project to digitize and secure the production of potable water. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">(<strong>** Tap or click the headline above to read this story with all of the links<\/strong> to our background and outside sources.)<\/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 board of AfDB <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/4cd2b37a-af1a-4a9c-a0f2-ed8d6d9bd1d5\" style=\"\" rel=\"noopener\">approved<\/a> EUR 120 mn in financing for the first phase of Morocco's Governance and Climate Change Resilience Support Programme (GCRRP) last July. The program aims to implement reforms to strengthen Morocco's economy and enhance resilience to climate change and other external factors.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>AfDB ? Morocco: <\/strong>The lender approved <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/43e0d712-fc73-4768-93d9-0714897f64c7\" style=\"\" rel=\"noopener\">EUR 84 mn in funding<\/a> to support a Moroccan project aimed at boosting economic resilience to climate change and improving the water cycle in June. The project covers four watersheds and national parks and targets 6.5 mn rural residents to promote sustainable natural resource development, forest value chains, and aquaculture entrepreneurship.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The program aims to implement reforms to strengthen Morocco's economy and enhance resilience to climate change<\/p>\n","protected":false},"author":1,"featured_media":88493,"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":[83,11,164,45],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-88492","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-debt-watch","tag-debt-watch","tag-enterpriseclimate","tag-green-finance","tag-morocco","wpautop","entry"],"acf":{"mongo_id":"e5d94489-9d07-4f45-95bd-6c8da51f8c2a","order":"5","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/12\/667.jpg","photo_position":"above","homepage_title":"","full_issue_title":"AfDB extends EUR 224 mn in financing to shore up Moroccan climate resilience","related_issue":[88484],"teaser":"The program aims to implement reforms to strengthen Morocco's economy and enhance resilience to climate change","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/12\/.41a9beda-d1d5-4f54-a383-b79a8eae7ab4.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>AfDB extends EUR 224 mn in financing to shore up Moroccan climate resilience - Climate<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/climate\/2024\/12\/09\/afdb-extends-eur-224-mn-in-financing-to-shore-up-moroccan-climate-resilience\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" 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