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LOANS & CREDITS

Morocco - Large Scale Irrigation Modernization Project

July 8, 2015

WASHINGTON, July 8, 2015 - The World Bank’s Board of Executive Directors today approved the following project:

Morocco - Large Scale Irrigation Modernization Project

Loan: US $150 million equivalent

Terms: Maturity = 25 years, Grace = 5 years

Project ID: P150930

Project Description: The project will address more efficient water use in agriculture, one of Morocco’s core sectors as it generates 40% of jobs nationwide. It will finance the modernization of the irrigation infrastructure and build increased capacities of service providers, for more effective management of a scarce resource and to ensure that about 9,300 farmers have a reliable water service needed to grow higher value crops. 


Media Contacts
In Washington
William Stebbins
Tel : 202-458-7883
wstebbins@worldbank.org

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