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
Visa says premium cards already widely adopted in Senegal Training aims to help banks better target and serve high-end clients Strategy focuses on...
71% of consumers say lending rates remain non-competitive across African markets. Over 54% of respondents cite a lack of transparency on interest...
Pilot to expand SME financing via crowdfunding Project introduces crowdlending, investing to address limited bank credit FOGEC to guarantee...
Lomé hosts conference on expanding insurance access for low-income groups Stakeholders discuss microinsurance solutions for informal and rural...
Most Read
01

Firms move beyond payments toward integrated SME platforms Services include invoicing, inve...

African fintechs are moving beyond payments - and into business operations
02

Novo Nordisk cuts Wegovy prices in South Africa amid competition Move targets rival Eli Lil...

Drugmakers ramp up competition in South Africa’s obesity treatment market
03

The BCEAO now allows UEMOA citizens abroad to open CFA franc accounts under the same conditions as...

West Africa Targets Diaspora Funds With New Banking Access Rules
04

ECOWAS, Energy China discuss regional power infrastructure cooperation Talks cover $36.3...

ECOWAS, China Discuss Cooperation on West Africa Power Projects Under $36.39B Plan
05

South Africa pushes faster oil, gas exploration despite legal challenges Environmental groups’ co...

South Africa pushes offshore drilling despite environmental legal challenges
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.