African Development Bank Lends Morocco $479 Million for Climate and Energy Shocks
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7 Articles
AfDB Lends Morocco $479 Million for Climate Resilience
The African Development Bank (AfDB) lent Morocco €434.4 million ($479 million) on Friday to help the North African nation strengthen its resilience against energy and climate-related shocks. Signed directly with the Moroccan government, the loan forms part of a broader programme designed to improve the domestic business climate, bolster environmental adaptability, and attract private-sector investment. According to the bank, the funding will als…
On Friday, 13 Nunper, the African Development Bank granted Morocco a $479 million loan in support of economic reforms and strengthening the Kingdom's capacity to cope with climate change. This funding is part of the third phase of the support programme to strengthen economic governance and resilience to climate change, which was launched jointly since 2024.
The Kingdom of Morocco has received funding for a third phase of the climate resilience and governance programme, which was translated into the signing of a financing agreement with the Government by the African Development Bank, Japan.
Morocco Secures Over €434 Mln AfDB Funding to Strengthen Economic Reforms & Resilience – The North Africa Post
The African Development Bank will provide Morocco €434.4 million to accelerate economic structural transformation and strengthen the Kingdom’s inclusive growth and resilience to external and climate-related shocks. The financing agreement was inked Friday in Rabat by Fouzi Lekjaa, Minister of Economy and Governor of the Bank for Morocco Achraf Hassan Tarsim. The Bank’s funding will […]
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