The World Bank has agreed to grant Morocco $250 million to support local agricultural, as part of a joint operation with the French Development Agency. This came in a statement issued by the World Bank on Wednesday, after its executive board approved the loan on Tuesday. The loan aims to support the Generation Green programme, a government strategy for developing agriculture. The statement announced: "The funding will also support the country's economic response to the coronavirus pandemic." The loan will finance entrepreneurship and training programmes for villages' youth, with a view to attracting private investments into the agricultural food products sector, and removing regulatory and financing obstacles to stimulate the creation of job opportunities. According to official statistics, the agricultural […]
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16th December 2020, 08:41 PM
World Bank approves $250m loan to Morocco
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