Amidst the drought and heat waves that is devastating Morocco, the World Bank has approved a loan of $180 million dollars for the country.
The loan is aimed at boosting the country’s agriculture.
Official news agency MAP reported that the loan is as well aimed at enhancing the governance of water in agriculture, and improve the quality of irrigation services.
The report said this came as climate change is putting increased pressure on water resources in the North African country.
The severe drought and heat waves have so far affected the agricultural sector, representing 14 per cent of Morocco’s gross domestic product (GDP).
The country’s central bank expects that Morocco’s economy will grow by 0.7 per cent in 2022, down from 2.9 per cent in the earlier forecast and the 7.3 per cent growth in 2021.
