The Central Bank of Morocco just invested $100 million in green bonds issued by the World Bank. According to a statement published on Nov. 7 by The International Bank for Reconstruction and Development (IBRD), World Bank’s main organization, the bonds which have fixed interest rate with a semi-annual coupon will mature on December 15, 2019.

Bank Al-Maghrib’s investment occurs on the sidelines of the COP22 which is currently taking place in Marrakech. The summit gathers actors involved in the fight against global warming who are meeting to draw urgent measures to take to insure the effective implementation of the Paris Accord.

“More and more aware of the importance of global warming, the States gathered at the COP22, in Marrakech, must concretize the commitments taken in Paris. It’s to this end that Bank Al-Maghrib invested in the World Bank’s green bonds. The investment will help finance sustainable development projects developed by World Bank, including African countries,” said bank Al-Maghrib’s governor, IBRD’s statement reports.

“We need a global financial system that integrates risks and opportunities related to global warming. I this regard, developing the green bond market is essential to mobilize private capital needed to fight global warming,” said World Bank’s president, Jim Yong Kim.

Since 2008 when it issued its first green bond, the World Bank has issued 128 similar in 18 currencies, for about $9.7 billion. The products give investors a chance to support environmental solutions with securities that benefit from the institution’s AAA credit rating.