The World Bank's Board of Executive Directors has approved a new $300 million program for the Kingdom of Morocco. The operation, titled the "Morocco Financial and Climate Resilience Development Policy Financing," is designed to bolster the country's financial sector.
The funding aims to enhance the financial system's capacity to withstand climate-related and economic shocks. It supports reforms to improve financial sector supervision, develop capital markets, and promote green finance.
This program is part of the World Bank's broader engagement with Morocco on climate and development issues. The approval follows the institution's ongoing strategy to support sustainable economic growth and resilience in the region.
