APA – Rabat (Morocco) On Thursday, the Executive Board of the International Monetary Fund (IMF) approved $1.3 billion in financing for Morocco under the Resilience and Sustainability Facility.
This financing “will support Morocco’s transition to a greener economy and help strengthen its preparedness and resilience to natural disasters, including those related to climate change,” the international financial institution said in a statement.
It will also help to strengthen Morocco’s resilience to climate change and seize opportunities for decarbonisation, the statement added.
According to the IMF, this 18-month financing will also help to strengthen the Moroccan authorities’ preparedness for natural disasters and promote the financing of sustainable development.
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