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.