{"id":88792,"date":"2024-12-23T00:00:00","date_gmt":"2024-12-23T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/climate\/2024\/12\/23\/world-bank-extends-usd-250-mn-in-financing-to-support-moroccos-climate-resilient-agriculture\/"},"modified":"2024-12-23T00:00:00","modified_gmt":"2024-12-23T00:00:00","slug":"world-bank-extends-usd-250-mn-in-financing-to-support-moroccos-climate-resilient-agriculture","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/climate\/2024\/12\/23\/world-bank-extends-usd-250-mn-in-financing-to-support-moroccos-climate-resilient-agriculture\/","title":{"rendered":"World Bank extends USD 250 mn in financing to support Morocco\u2019s climate-resilient agriculture"},"content":{"rendered":"

World Bank backs Morocco\u2019s agriculture climate resilience:<\/strong> The World Bank (WB) has approved USD 250 mn in financing for the Morocco Transforming Agri-Food Systems Program to make its agri-food systems more climate-resilient and improve food safety and quality and, according to a statement<\/a> released on Thursday. The funding will come with an additional USD 5 mn grant from WB\u2019s Livable Planet Fund<\/a> that will support small-scale farmers to transition from traditional farming methods to \u201cclimate-smart\u201d ones. <\/p>\n

The purpose: <\/strong>The initiative targets Morocco\u2019s vulnerability to climate risks, particularly in rainfield agriculture, which has suffered from recurring droughts<\/a>. By stabilizing yields, enhancing market access for farmers, and improving food safety standards, the program aims to boost rural livelihoods, reduce food waste, and strengthen the country\u2019s food security amidst growing environmental and economic challenges. <\/p>\n

REMEMB<\/strong>ER<\/strong>- <\/strong>Climate resilience is on top of Morocco\u2019s agenda: <\/strong>The board of the African Development Bank (AfDB) approved last month<\/a> EUR 120 mn in financing for the first phase of Morocco's Governance and Climate Change Resilience Support Program (GCRRP) in July. This followed a recent approval<\/a> of USD 100 mn in funding by the Opec Fund for International Development for the same program. Morocco also announced plans earlier this year<\/a> to increase its green investments to reach 10% of its foreign exchange reserves. <\/p>\n","protected":false},"excerpt":{"rendered":"

The program aims to strengthen Morocco\u2019s agriculture with climate-smart solutions<\/p>\n","protected":false},"author":1,"featured_media":88793,"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":[243],"tags":[11,164,45,292,161],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-88792","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-green-finance","tag-enterpriseclimate","tag-green-finance","tag-morocco","tag-sustainable-agriculture","tag-world-bank","wpautop","entry"],"acf":{"mongo_id":"2d04e5e8-833c-4c75-8483-99450b0d05f2","order":"6","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/2\/2931.jpg","photo_position":"above","homepage_title":"","full_issue_title":"World 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