Global Arab Network | World Bank grants Morocco $ 342 million for development projects

Translate this article to your language:

GANPublications

e-Publications

Add Site to Favorites

Add Page to Favorites

Make Homepage

Share This Page

RSS Feed

--------------------------------------------------------------------------------------------------------------------
| |

World Bank grants Morocco $ 342 million for development projects

Global Arab Network - - Ahmed Rashid

Thursday, 17 March 2011 00:09

Washington - The World Bank's board of directors approved two development policy loans (DPL) in the amount of 352 million dollars for Morocco, Bretton Woods announced.

The first loan, worth 205 million dollars, is aimed at supporting the implementation of Morocco's Green Plan in order to improve local markets' efficiency, the impact of projects aimed at small farmers, the services of the farming sector, water management and the planning of irrigation infrastructure.

The same source said the Green Plan constitutes an "ambitious" investment programme in agro-food industry and steps up a roadmap to carry out a series of systematic public sector reforms.

The second loan, worth 136.7 million dollars, is meant to enhance the effectiveness of urban traffic in Morocco's big cities through a good governance of the transport sector and the improvement of urban transport services and infrastructure.

It will support the reform programme of urban transport and speed up its implementation. (MAP)

Global Arab Network

< Prev		Next >

Add comment

The opinions of the authors in articles published are theirs alone and do not necessarily reflect the views of Global Arab Network
------------------------------------------------------------------------------
Published comments are the opinions of private individuals and do not reflect the views of Global Arab Network