Highlights

This Program, whose loan agreement was signed on October 26, 2023 and became effective on January 8, 2024, aims to support the Kingdom of Morocco in the implementation of its climate commitments by strengthening institutional capacities and the climate resilience of vulnerable populations and ecosystems. It is structured around three foundational pillars: (i) Accelerating climate action through improved coordination and dedicated public policy tools; (ii) Preserving ecosystems vulnerable to climate change through a territorial approach; and (iii) Protecting groups vulnerable to climate change.

Program implementation status: Positive momentum and notable progress in achieving results:

The implementation of the Program has recorded significant advances through the achievement of several results, notably the establishment of the technical committee responsible for preparing the green finance taxonomy (RLD 4.1), the signing of seven memoranda of understanding between the DGM and the entities managing observation stations (RLD 5.1), the connection of 62 additional stations to the DGM data center—bringing the total number of connected stations to 233 (RLD 5.2)—and access by four sectors to processed climate data (RLD 5.3).

Furthermore, the Program has supported territorial resilience through the planting of 170,000 date palms, the creation and support of ten agricultural cooperatives, the construction of four groundwater recharge weirs, the environmental improvement of six schools in oasis areas, and the reforestation of 1,060 hectares in priority watersheds (RLD 8 to 10).

These achievements have enabled cumulative disbursements of EUR 110.28 million, representing a disbursement rate of 34.6% of the overall financing. They reflect the positive momentum of the Program and the sustained commitment of the various partners toward strengthening climate resilience and the sustainable development of our country.

Additional co-financing from the Asian Infrastructure Investment Bank (AIIB): Scaling up and extension of program results

The strong momentum of the Program made it possible to mobilize additional co-financing of EUR 170.27 million from the Asian Infrastructure Investment Bank (AIIB), thereby bringing the total amount of the Program to EUR 488.97 million (USD 550 million). This co-financing aims to:

• Strengthen the national climate data system, notably through the extension of radar coverage and the enhancement of early warning capacities;
• Improve the resilience of vulnerable ecosystems and create local economic opportunities through the development of agricultural value chains and value-added units;
• And preserve water resources and improve living conditions in oasis areas through the rehabilitation of traditional hydraulic infrastructure and the optimization of irrigation.

The loan agreement with the AIIB was signed on December 09, 2025.

Outlook and next steps:

The Steering Committee welcomed the progress achieved at this stage of the Program’s implementation. Efforts will continue to consolidate the results achieved, pursue the actions currently under implementation, as well as the related verification work, while ensuring the strengthening of inter-institutional coordination established under this Program in line with the “whole of Government” approach. Furthermore, the disbursement outlook confirms a favorable momentum for the period ahead. Projections established for the first half of 2026 thus indicate expected disbursements amounting to EUR 85.9 million, linked to the achievement of several ILDs.

The next steps will focus in particular on finalizing the signing of the amendment to the loan agreement with the World Bank, formalizing the new co-financing, as well as updating the Program Operations Manual (POM). This update will notably cover the governance framework, the verification protocols for the new results, as well as the fiduciary monitoring mechanism for the co-financing.