Rabat – The World Bank (WB) loaned Morocco 300 million dollars (2.68 billion dirhams) to fund a project to support the second phase of the anti-poverty initiative (INDH).
The loan programme was signed on Friday in Rabat by the Economy and Finance Minister Nizar Baraka and the World Bank Country Director for the Maghreb Simon Gray.
The Second phase of INDH (2011-2015) sets out five priority programmes namely fighting poverty in rural areas, social exclusion in urban centers and precariousness as well as the cross-section programme and the territorial upgrading programme.
On the same occasion, other loan agreements and donations were signed. In this respect a loan for policy and competence development and employment worth 100 million dollars was signed with the aim of supporting reforms relating notably to improving employment productivity and quality.
The WB also approved a loan of the World Environment Fund worth 5.18 million dollars to support the integrated management project of Morocco’s coastal areas.
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