The Islamic Development Bank (IDB) has approved two financial contributions for Morocco, amounting to a total of €207.05 million, aimed at supporting water stress management and the development of freshwater aquaculture.
These decisions were made during the 363rd session of the Board of Executive Directors of the IDB, held in Jeddah under the presidency of Muhammad Al Jasser, as part of a broader package of financing granted to twelve member countries totaling approximately $1.365 billion.
The primary funding allocated to the Kingdom, amounting to €188.82 million, is intended for a water stress mitigation project. According to the IDB, this program includes the construction of dams and hydraulic structures aimed at securing water supply, as well as transferring excess water from northern basins to the southern regions, which are more vulnerable to resource scarcity.
The institution explains that this project responds to a growing pressure on water resources, linked to climate variability and increasing agricultural and urban needs.
A second funding of €18.23 million is dedicated to the development of the freshwater aquaculture value chain. This project primarily focuses on enhancing production capacities, improving health quality, and supporting the marketing of products sourced from inland waters, in order to better structure and value this sector.
In its communication, the Islamic Development Bank specifies that all the funding approved during this session aims to support projects related to water and agricultural security, renewable energies, transport infrastructure, as well as essential social services, with the goal of strengthening economic resilience and contributing to the achievement of the Sustainable Development Goals.
For Morocco, these financial contributions represent targeted support for two sectors deemed strategic, in a context marked by water scarcity and the need to diversify sources of food and income production.