world banks new support for morocco
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

For developing Moroccan agriculture

World Bank's New support for Morocco

Arab Today, arab today

Arab Today, arab today World Bank's New support for Morocco

The World Bank
Rabat - Arab Today

The World Bank prepares to provide new financial support for the development of industrial agriculture in Morocco, and give it a leading position within the Moroccan industrial exports in the coming years, through the improvement of the quality of production and access to global markets, and to increase the volume of investments and support for small and medium enterprises and the rational use of irrigation, seeds and water.

A source at the World Bank stressed that the bank will help Morocco to increase industrial and agricultural exports to be a locomotive for local development, in the framework of the second phase of the Green Morocco project, who came into force in 2008. The project will improve the agricultural production and ensure food self-sufficiency in all products, the sources added.

The World Bank focuses on developing a plan for the rationalization of irrigation water, which included about 50 thousand hectares, benefiting 16 thousand farmers, who managed to increase production between 20 and 70 per cent, and reduce the waste of water resources around 180 percent, particularly in the olive oil, citrus and fruit trees.

Morocco is from the first 25 countries in the world, which is close to food self-sufficiency, as the agricultural sector has paramount importance, and represents along with fishing about 20 per cent of gross domestic product (GDP).

Rabat exported, in the last year, worth 49 billion dirhams of agricultural products, mainly to the EU market, and the food industry's exports estimated about 27 billion dirhams of 223 billion from industrial exports in 2016.

World Bank grants Morocco loans worth $ 300 and $ 400 million annually for the development of local agriculture, improving its quality and raising its value of export. It is expected that Morocco will witness a good agricultural season this year, thanks to the return of the rainy season, which exceeded the annual double of the average of recent years, while grain production could reach 10 million tons, which could help in the return of growth to more than 4 per cent.

Morocco imported, last year, more than $ 40 billion of goods from the world market, of which 4.4 billion for purchases of food, with an increase of 25 per cent, while wheat purchases worth 12 billion dirhams, with an increase of 49 per cent.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

world banks new support for morocco world banks new support for morocco

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

world banks new support for morocco world banks new support for morocco

 



GMT 19:14 2017 Tuesday ,12 December

Magnitude 6.2 earthquake hits Iran

GMT 12:31 2017 Saturday ,30 December

Syrian regime forces targeted areas in Daraa and Idlib

GMT 11:38 2016 Thursday ,20 October

EU sugar producers eye exports

GMT 09:23 2017 Friday ,24 March

Taiwan court hears landmark gay marriage case

GMT 00:38 2017 Monday ,27 March

Automated bus fare collection from May

GMT 11:10 2016 Monday ,17 October

Sharjah Islamic Bank net profit rises by 12.5%

GMT 18:22 2017 Wednesday ,12 July

Saudi Shura Council passes Added Value Tax law

GMT 17:43 2013 Thursday ,07 February

Omani ruler launches $182m business fund to create jobs

GMT 04:19 2018 Wednesday ,24 January

World powers step up pressure on Syria, Russia

GMT 15:51 2018 Sunday ,21 January

China grants visa-free entry to UAE nationals

GMT 08:58 2018 Saturday ,20 January

S. Korea PM apologises for gaffe on unified team

GMT 20:11 2018 Friday ,19 January

Speaker commends Bahraini-Japanese relations

GMT 01:24 2017 Thursday ,28 December

Oman postpones implementation of Value-Added Taxes

GMT 07:46 2017 Monday ,25 December

Serena Williams to make comeback

GMT 09:24 2016 Sunday ,20 November

Asia to narrow trade focus as protectionism rises

GMT 17:05 2017 Monday ,27 March

Car sales in the UAE tread a slippery slope
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday