Washington DC [US]: The International Monetary Fund (IMF) Executive Board approved a Resilience and Sustainability Facility (RSF) for Morocco in the amount of about USD 1.3 billion.
The arrangement will support Morocco’s transition to a greener economy and help strengthen its preparedness and resilience against natural disasters, including climate change, the Washington-based institution pointed out in a release.
The 18-month arrangement "will help Morocco address climate vulnerabilities, bolster its resilience against climate change, and seize the opportunities from decarbonization", the financial institution underlined.