The Asian Infrastructure Investment Bank (AIIB), based in Beijing, has approved a $200 million loan to support Morocco’s climate resilience program, according to Zawya.
The financing will be directed toward projects that strengthen environmental and water infrastructure, as well as initiatives aimed at improving the resilience of sectors most affected by climate risks.
This loan is part of a co-financing arrangement with the World Bank, which has already provided $350 million for the program.
A World Bank report published in September 2024 noted that Morocco is experiencing heightened climate risks, including accelerated warming and extreme weather events.
According to AIIB, the funding is expected to contribute to reducing greenhouse gas emissions and enhancing resilience in areas exposed to climate hazards.
Morocco became a member of AIIB in 2019. The bank finances infrastructure projects across 110 member countries, both regional and non-regional.
