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Home >> World
UPDATED: 08:35, June 01, 2007
World Bank gives Morocco loan of 100 mln U.S. dollars for water reforms
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Moroccan Prime Minister Driss Jettou presided Thursday over a signing ceremony for a loan agreement worth 100 million U.S. dollars, advanced to Morocco by the World Bank for financing water sector reforms.

This is the first in a series of four loans spread out over a period of four years, whose total cost is estimated at 400 million U.S. dollars, for supporting implementation of key water sector reforms program.

The reform program, to be financed by this new loan, focuses on a number of key sectors, among them, governance and leadership, water sector, and integrated water resources management reforms.

The loan will also be used in the improvement of services, investments sustainability, water development in irrigated zones and improvement of access to clean water supply, drainage system, water purification and pollution management, particularly in the rural and marginalized areas.

For the achievement of these objectives, Moroccan water sector reforms consists of structural and institutional actions, as well as others, aimed at strengthening efficiency strategies and performance of key sector operators.

Source: Xinhua


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