The initiative will primarily focus on areas affected by the September 2023 earthquake, with 65% of the funding allocated to these regions. The loan agreement was signed in Rabat by
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The financial protection gap against climate shocks and disasters is widening. Morocco was hit by an earthquake in September 2023, affecting more than 300,000 people in Marrakesh and
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It aims to support the development of Moroccan MSMEs by facilitating access to financing and public and private tender procedures. It offers financing solutions which are required by MSMEs
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The European Investment Bank (EIB) has approved a €500 million tranche of funding to support Morocco''s reconstruction efforts following the devastating earthquake that struck the Al
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Since 2021, the FSEC has been conducting additional disaster risk modeling efforts to estimate the financial costs of earthquake, flooding, and landslides.
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In total, more than $300 million of pre-arranged financing was mobilized less than one month after the disaster, helping ensure that the initial stages of the recovery were adequately resourced and able to
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The parametric solution is intended to provide coverage for uninsured individuals in the event of an earthquake, and it is designed to deliver a quick payout as the trigger is based on the
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The Project will contribute, alongside national efforts and other partners, to financing multi-sector infrastructure components of Morocco''s post-earthquake reconstruction programme
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Morocco''s journey towards a formalized approach to disaster risk financing started in 2008 and has come a long way since then. With support from the World Bank, Morocco has built its
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For the past six decades, IFC has partnered with Morocco to unleash the full potential of the private sector, helping position the country as a leading center of trade, investment, and
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