MA-NATIONAL RURAL FINAN

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Closed

The project will assist Morocco and the Caisse Nationale de Credit Agricole (CNCA) to consolidate and deepen the institutional reform process and to develop the sustainable foundations of a financially sound rural finance system well-integrated into a gradually liberalized financial sector. The project will help: (a) achieve a key transition in CNCA's institutional development by supporting CNCA's conversion to a more diversified bank with increased managerial autonomy, geared to serve agriculture and to reach small farmers, young entrepreneurs/graduates and non-farm clients (notably women) in poverty-related areas; (b) promote private investment in viable projects, including agro-industries with export potential; (c) increase domestic resource mobilization and secure the rural banking system through a pilot drought relief fund/crop insurance system drawing on best practices worldwide; and (d) develop banking and technical skills needed to manage the changed organization and special features of a sustainable rural finance operation. Specifically, the project will fund: (a) medium- and long-term credit to private farmers and investors to finance a wide range of investments including water conservation measures in irrigation, farm equipment, tree crop and livestock development, storage facilities, land improvement, greenhouses, agro-processing plants, coastal fisheries, rural housing, forestry and environment protection, and rural non-farm investments; and (b) project-related training, consulting services for the strengthening of CNCA management and planning and to manage the effects of drought. A mid-term review will assess progress made during implementation.

FY17 - Agriculture, Fishing and Forestry,FY17 - Industry, Trade and Services,FY17 - Public Administration,Financial Sector,Industry, Trade and Services

World Bank Group

Project

Water Supply and Storage, Fertilizers, Raw Materials, Government