Public Management

Morocco allocates $14 billion to water supply and irrigation projects

Morocco allocates $14 billion to water supply and irrigation projects
Thursday, 11 May 2023 05:26

Morocco is facing water shortage caused by a severe drought. To tackle the situation, the kingdom is ramping up its efforts to develop infrastructure to improve water management and access.

Morocco will allocate 143 billion dirhams ($14.2 billion) to its 2020-2027 National Program for Drinking Water Supply and Irrigation. The funds should help the country curb the effects of the drought it is currently experiencing, according to a statement from the Ministry of Equipment and Water, released on May 9.

In detail, the funds will be used to speed up the interconnection of the hydraulic basins of Sebou, Bouregreg, and Oum Er-Rbia, schedule new dams, and update the costs of about twenty planned dams. They should also help accelerate projects to mobilize unconventional water resources and improve the drinking water supply in rural areas.

According to the World Bank, renewable water resources available in Morocco dropped from 2,560 m3 per head per year to about 620 m3 from 1960 to 2020, putting the country under “structural water stress".

This situation, paired with global inflationary pressures, could have repercussions on the purchasing power of the poorest and most vulnerable households, in a context where the annual inflation rate increased from 1.4% in 2021 to 6.6% in 2022, according to the IMF.

Additional Info

  • communiques: Non
  • couleur: N/A
On the same topic
The Abu Dhabi roundtable yielded $16.4 billion in investment commitments. The IsDB and World Bank pledged over $3.3 billion in...
The new unified platform replaces the NIBSS Instant Payments system. It connects banks, fintechs, and mobile money operators for instant...
Nigeria implemented the National Payment Stack (NPS), a new unified infrastructure, to enhance digital payment interoperability. The NPS offers...
Burkina Faso successfully raised $230.8 million (CFA131.355 billion) through a regional public bond offering. The issuance was oversubscribed at...
Most Read
01

The Bank expects a 41% rise in 2025 and a further 6% increase in 2026. Gold topped $4,00...

World Bank sees precious metal prices staying high until 2027
02

Social media users accuse the UAE of backing Sudan’s RSF militia. Activists and celebrities c...

UAE faces backlash over alleged role in Sudan’s gold and arms trade
03

Ghana holds talks to address energy debt and tighten sector oversight New inspector, stricter...

Ghana Moves to Rein In $8.4 Billion Energy Debt with Stronger Regulation
04

COBAC raises bank capital requirement to 25 billion CFA francs from 10 billion Compliance dea...

CEMAC Regulator Quadruples Bank Capital Requirement, Matching Regional Trend
05

The World Bank forecasts a 21% annual increase in fertilizer prices. Urea, DAP, and potash pr...

Global fertilizer prices expected to rise 21% in 2025
Enter your email to receive our newsletter

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

regie@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72


EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.