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LOANS & CREDITS December 11, 2019

Morocco - Disaster Risk Management Development Policy Loan with a Catastrophe Deferred Drawdown Option

WASHINGTON, December 11, 2019 - The World Bank’s Board of Executive Directors today approved the Morocco - Disaster Risk Management Development Policy Loan with a Catastrophe Deferred Drawdown Option.

IBRD Loan: US$275 million equivalent

Project ID:  P168580

Loan maturity: 24 years– Grace period of 4 years

Project Description: The project will support the Government of Morocco in strengthening the country’s institutional capacity to deal with the adverse financial impacts of disasters and climate-related shocks and its institutional framework for disaster and climate-related risk management.