Morocco Inclusive Green Growth DPL2

closed

The presented operation is the second in a programmatic series of two single tranche development policy loans (DPLs). The series builds on solid sector dialogue over several years and strong government ownership of the program, as demonstrated by steady progress with the implementation of the reforms supported by DPL1. The DPL series supports a package of reforms pursuing three program development objectives (PDOs). These include: (i) improving the management of natural capital; (ii) greening physical capital; and (iii) strengthening and diversifying the rural economy by leveraging human capital. The program of reforms continues to be strongly in line with government priorities and the World Bank Group’s country partnership strategy for Morocco. The program remains at the interface of the government’s environmental sustainability, growth and shared prosperity objectives. This DPL series is accompanied by parallel financing, as well as knowledge products in sectors such as integrated coastal zone management (ICZM), water resource management, agriculture, tourism, social protection, and energy. The program opened up Bank - Government of Morocco (GoM) dialogue in sectors such as tourism, groundwater management, and energy efficiency in which Bank-financed operations are currently under preparation and implementation.