WASHINGTON, April 20th - The World Bank’s Board of Executive Directors today approved the following project:
Morocco – Integrated Disaster Risk Management and Resilience Program-for-Results
IBRD Loan: US $200 million
Terms: Maturity 25 years, Grace 5 years
Project ID: P144539
Project Description: The development objective of the Program is to improve the institutional framework to finance disaster risk reduction activities and strengthen financial resilience to natural disasters for targeted populations in the regions of Tanger-Tétouan-Al Hoceima, l’Oriental, Fès-Meknès, Rabat-Salé-Kénitra, Béni-Mellal-Khénifra, Casablanca-Settat, Marrakech-Safi, Draâ-Tafilalet, Souss-Massa, and the provinces of Guelmim, Tan-Tan, and Sidi-Ifni.