WASHINGTON, December 18, 2015 - ľ¹ÏÓ°Ôº¡¯s Board of Executive Directors today approved the following project:
Morocco ¨C Second Inclusive Green Growth Development Policy Loan
Loan: US $300 million
Terms: Maturity 25 years, Grace 5 years
Project ID: P149747
Project Description: The Program promotes a more inclusive and effective protection of the poor and vulnerable. In particular, it contributes to improved incomes and livelihoods in rural areas, where a substantial part of Morocco¡¯s poor and vulnerable live. The project supports a package of reforms pursuing three Program Development Objectives: i) better managing natural capital; ii) greening physical capital; and iii) strengthening and diversifying the rural economy by leveraging human capital.
