World Bank Approves $400 Million Climate Risk Program for Morocco
Morocco has secured a major financial boost after the World Bank approved a $400 million Morocco Climate & Risk Finance Program aimed at strengthening the country resilience against climate change, natural disasters, and cyber threats while attracting private investment into climate focused infrastructure projects.
The initiative approved by the World Bank Board of Directors, seeks to improve Morocco’s ability to manage growing environmental and technological risks by developing disaster and cyber insurance instruments strengthening financial regulations, and enhancing digital payment systems to ensure quicker access to funds during emergencies.
According to the World Bank the program will help households, businesses, and financial institutions better withstand climate related sh...









