WB Loans Morocco $200 mln to Spur Small Agri-food Industries

The World Bank and Morocco signed a loan agreement worth $200 million in support of the second pillar of the Green Morocco Plan, particularly in the areas of promoting citrus and olive oil industries.

The loan, signed by the World Bank and the Ministry of Economy and Finance, targets small and medium sized producers of citrus and olive oil in the country through promoting the value added of their processed product.

It also aims at helping small farmers market their products locally and internationally through ensuring compatibility with quality norms in addition to offering assistance in the fields of production, storing and market access.

Under this loan, two innovation centers will be created to boost agri-food industries in the country and offer advice and consultancy to farmers.