Morocco has been chosen as one of the first countries to benefit from the "Accelerating Investments and Innovations to Enhance Resilience for Sustainable Economies" (ARISE) program, launched by the Climate Investment Funds. This program aims to support investments in climate resilience, particularly in infrastructure, water, waste, and transportation sectors. The program will be overseen by the Moroccan Ministry of Interior, in partnership with the World Bank and the European Bank for Reconstruction and Development.
The ARISE program will provide Morocco with access to concessional financing of up to $30 million to develop a portfolio of climate-resilient investments. The program's goal is to support the development of resilient infrastructure, promote sustainable economic growth, and enhance the country's ability to adapt to climate change. The program will also focus on transforming territorial priorities into bankable projects that can attract public and private financing.
The Moroccan government has expressed its commitment to enhancing climate resilience, and the selection for the ARISE program reflects this commitment. The program will be implemented in partnership with various national and international stakeholders, including the General Directorate of Territorial Collectivities, the World Bank, and the European Bank for Reconstruction and Development.
The program will build on Morocco's existing climate action plan for territorial collectivities, which aims to promote climate resilience and sustainable development at the local level. The plan will be implemented through a multi-stakeholder approach, involving various government agencies, international organizations, and private sector actors.
The European Bank for Reconstruction and Development has welcomed Morocco's selection for the ARISE program, highlighting the country's strong commitment to climate action. The bank has expressed its willingness to continue working with the Moroccan government and other partners to identify and develop high-impact investments that can mobilize significant funding.
The General Directorate of Territorial Collectivities has emphasized the importance of the ARISE program in supporting Morocco's climate resilience efforts. The program will help to promote sustainable development, enhance climate resilience, and improve the quality of life for Moroccan citizens.
The selection of Morocco for the ARISE program demonstrates the country's commitment to addressing the challenges of climate change. The program will provide a significant boost to Morocco's climate resilience efforts, and will help to promote sustainable development and economic growth in the country.
Key points
- Morocco selected for $30 million climate resilience program
- Program aims to support climate-resilient investments in infrastructure, water, waste, and transportation sectors
- Morocco's selection reflects its strong commitment to climate action and resilience efforts
