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A German bank gives 100 million euros to Morocco to support climate policy

بنك ألماني يمنح المغرب 100 مليون أورو لدعم السياسات المناخية
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This article was automatically translated from HIBAPRESS, the Arabic version:

This article was automatically translated from HIBAPRESS, the Arabic version:

Heba Breish – Economic Department

The Minister Delegate to the Minister of Economy and Finance, responsible for the budget, Fawzi Lekjaa, and the regional head of the water sector in North Africa at the German Development Bank (KfW – Kreditanstalt für Wiederaufbau), Jan Schilling, signed today, Thursday in Rabat, an agreement worth 100 million euros to finance the climate policy support program in Morocco.

This program aims to support measures linked to Morocco’s capacity to adapt to climate change and the transition to a low-carbon economy.

In a speech delivered on this occasion, Lakjaa underlined the quality of Moroccan-German cooperation, particularly through the German Development Bank, to face the challenges of climate change and support the ecological transition.

He also highlighted the growing importance of climate resilience within the financial and economic logic, recalling the priority given by the Kingdom in the search for a green economy and the strengthening of future measures.

For his part, the Minister of Agriculture, Fisheries, Rural Development, Water and Forests, Ahmed Bouari, welcomed the fruitful cooperation existing between Morocco and Germany, particularly in the field of agriculture, considering that the signing of this agreement demonstrates exemplary cooperation.

For his part, the Minister of Equipment and Water, Nizar Baraka, stressed the need to fight against climate change, particularly with regard to the management of water resources, with particular emphasis on the desalination of water and the rationalization of its consumption.

Baraka added that Morocco is committed to developing future capabilities, which now play an important role

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