World Bank Grants Morocco $180million Loan to Boost Agriculture

World Bank Grants Morocco $180m Loan to Boost Agriculture (News Central TV)

The World Bank has approved a loan of $180million to sustain Morocco’s agriculture resilience amid extreme weather conditions like droughts and heat waves in the country.

The loan approval comes days after a high-level World Bank delegation, in company of the bank’s president David Malpass, paid a visit to the country.

In a statement, the Bank noted that “climate change and population growth are putting increased pressure on water and land resources.

 “Agriculture is at the heart of Morocco’s economic and social ambitions, and this project financing will support this vital sector, in alignment with the country’s Green Generations strategy, the National Water Plan, and the New Development Model,” said Jesko Hentschel, World Bank Country Director for the Maghreb and Malta.

Your Friends Also Read:  Mandela commended Nigeria’s role in restoring democracy across Africa, we won’t stop – Buhari

The loan will support Moroccan water management through the Resilient and Sustainable Water in Agriculture (RESWAG) project, which aims to enhance water governance in agriculture, mainly by improving the quality of irrigation services and increasing access to advisory services for irrigation technologies.


All rights reserved. This material, and other digital content on this website, may not be reproduced, published, broadcast, rewritten or redistributed in whole or in part without prior express written permission from News Central TV.

Contact: digital@newscentral.ng

Total
0
Shares

Leave a Reply

Previous Article
Jazz Artist Somi Pays Moving Tribute to Miriam Makeba in New Album (News Central TV)

Jazz Artist Somi Pays Moving Tribute to Miriam Makeba in New Album

Next Article
Underground Fire in Joburg CBD Trips Power (News Central TV)

Underground Fire in Joburg CBD Trips Power

Related Posts
Powered by Live Score & Live Score App