OFFICIAL DOCUMENTS LOAN NUMBER 9186-MA Loan Agreement (Green Generation Program) between KINGDOM OF MOROCCO and INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT LOAN NUMBER 9186-MA LOAN AGREEMENT AGREEMENT dated as of the Signature Date between KINGDOM OF MOROCCO ("Borrower") and INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT ("Bank"). The Borrower and the Bank hereby agree as follows: ARTICLE I - GENERAL CONDITIONS; DEFINITIONS 1.01. The General Conditions (as defined in the Appendix to this Agreement) apply to and form part of this Agreement. 1.02. Unless the context requires otherwise, the capitalized terms used in this Agreement have the meanings ascribed to them in the General Conditions or in the Appendix to this Agreement. ARTICLE II-LOAN 2.01. The Bank agrees to lend to the Borrower the amount of two hundred fourteen million two hundred thousand Euro (EUR 214,200,000), as such amount may be converted from time to lime through a Currency Conversion ("Loan"), to assist in financing the program described in Schedule I to this Agreement ("Program"). 2.02. The Borrower may withdraw the proceeds of the Loan in accordance with Section IV of Schedule 2 to this Agreement. All withdrawals from the Loan Account shall be deposited by the Bank into an account specified by the Borrower and acceptable to the Bank. 2.03. The Front-end Fee is one quarter of one percent (0.25%) of the Loan amount. 2.04. The Commitment Charge is one quarter of one percent (0.25%) per annum on the Unwithdrawn Loan Balance. 2.05. The interest rate is the Reference Rate plus the Fixed Spread; or such rate as may apply following a Conversion; subject to Section 3.02(e) of the General Conditions. 2.06. The Borrower elects to apply the Automatic Rate Fixing Conversion to the Loan. Accordingly, without limitation upon the provisions of Article IV of the General Conditions and unless otherwise notified by the Borrower to the Bank in accordance with the provisions of the Conversion Guidelines, the interest rate basis applicable to the aggregate principal amount of the Loan withdrawn during each Interest Period shall be converted from the initial Variable Rate to a Fixed Rate for the full maturity of such amount in accordance with the provisions of Article IV of the General Conditions and of the Conversion Guidelines. -2- 2.07. The Payment Dates are February 15 and August 15 in each year. 2.08. The principal amount of the Loan shall be repaid in accordance with Schedule 3 to this Agreement. ARTICLE III - PROGRAM 3.01. The Borrower declares its commitment to the objectives of the Program. To this end, the Borrower shall carry out the Program through its Ministry of Agriculture, Maritime Fisheries, Rural Development, Water and Forests ("MAPMDREF") in accordance with the provisions of Article V of the General Conditions and Schedule 2 to this Agreement. ARTICLE 1V - REMEDIES OF THE BANK 4.01. The Co-financing Deadline for the effectiveness of the Co-financing Agreement is January 5, 2022. ARTICLE V - EFFECTIVENESS; TERMINATION 5.01. The Additional Condition of Effectiveness consists of the following, namely, that the Convention-cadre has been executed and is in full force and effect. 5.02. The Effectiveness Deadline is the date one hundred twenty (120) days after the Signature Date. ARTICLE VI - REPRESENTATIVE; ADDRESSES 6.01. The Borrower's Representative is its Minister of Economy, Finance and Administration Reform. 6.02. For purposes of Section 10.01 of the General Conditions: (a) the Borrower's address is: Minisl&re de I'Economie, des Finances et de la Reforme Administrative Quartier Administratif Avenue Mohammed V Rabat Kingdom of Morocco; and -3- (b) the Borrower's Electronic Address is: Cable address: Facsimile: MINFIN 212-537-67-75-30/31 212-537-7640-81 6.03. For purposes of Section 10.01 of the General Conditions: (a) the Bank's address is: International Bank for Reconstruction and Development 1818 H Street, N.W. Washington, D.C. 20433 United States of America; and (b) the Bank's Electronic Address is: Telex: Facsimile: 248423(MCI) or 1-202-477-6391 64145(MCI) -4- AGREED as of the Signature Date. KINGDOM OF MOR0 By: Authorized Representative Name Title: t1±a LIlM.~Inqr pj. INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT By: uthorized Representative Name: Title Date:Q -5- SCHEDULE 1 Program Description The objective of the Program is to increase the economic inclusion of youth in rural areas and the marketing efficiency and environmental sustainability of agri-food value chains in the Program Area. The Program consists of the following activities under the Borrower's Green Generation Strategy 2020-2030: Part 1. Increased Job Opportunities and Income Generation for Rural Youth Increasing job opportunities and incomes for youth in rural areas through the following activities: 1. Strengthening the ecosystem for rural entrepreneurship development by: (a) improving the attractiveness of the rural economy for youth through the provision of specialized technical assistance to: (i) identify and build on existing economic opportunities along priority agri-food value-chains at provincial level, targeting both local and export markets and ensuring a more equitable inclusion of women in the agri-food sector; (ii) organize communication and promotion campaigns related to these economic opportunities at national and provincial levels; (iii) develop and integrate rural entrepreneurial training modules in vocational training centers and training of trainers in entrepreneurship; (iv) organize orientation and ideation sessions for young people to increase climate literacy and investigate potential economic opportunities in their areas and available support services; and (v) launch a pilot national call to support investments of young promoters on digital and climate smart agricultural; and (b) strengthening the capacity of Borrower's relevant institutions for rural entrepreneurship development by: (i) providing capacity building to a number of agricultural advisers, focusing particularly on the needs of women; (ii) revitalizing and professionalizing agricultural cooperatives to improve their operational capacities, climate knowledge, and modernize their management structure; (iii) establishing incubators within the Dar El Fellah network to enhance their outreach capacity to provide last-mile services to young rural entrepreneurs, cooperatives and other agri-service providers; (iv) launching a pilot initiative for the emergence and empowerment of agricultural service cooperatives for youth; and (v) the provision of technical services to selected youth including dedicated technical assistance to help the youth, particularly women, prepare -6- "bankable" (and climate-informed) business plans and subsequent commercial loan applications. 2. Facilitating access to financial resources for young rural entrepreneurs by: (a) reviewing the FDA's incentive system and legal framework to target young rural entrepreneurs; and (b) implementing financial incentive mechanisms for young people based on the FDA's revised incentive system carried out under (a) above. Part 2. Improved Efficiency ofAgri-Food Marketing Systems Improving the efficiency of the Borrower's agri-food marketing systems through the following activities: 1. Strengthening agri-food products marketing and distribution in domestic markets by: (a) preparing and, if approved, enacting the regulatory framework for the development of modernized wholesale markets; (b) developing a number of modernized wholesale markets through the preparation of engineering and financial feasibility studies (including ESIAs/ESMPs and, if applicable, RAPs), the setting up of a Management Structure for each modernized wholesale market; the carrying out of the construction including equipment, and bringing the wholesale market facilities to full operational level for Selected Cities; and (c) developing e-commerce platforms for local products. 2. Strengthening the national food safety control system by: (a) the issuance of phytosanitary certificates required prior to marketing agri-food products; and (b) upgrading ONSSA's laboratories and strengthening its capacities in terms of analytical control of plants and animal products, residues of veterinary drugs and antibiotic resistance, inter alia; and (c) implementing awareness raising campaigns about potential spread of new pests and other diseases due to climate change. 3. Improving agri-food export performance by digitalizing Morocco Foodex operations, including, its technical control process of exports, and related issuance and management of export inspection certifications; and establishment of a monitoring system of export markets. Part 3. Enhanced Digitalization of Agriculture and Adoption of Climate Smart Practices Improving the efficiency and effectiveness of agricultural support services and enhancing the environmental sustainability and climate resilience of the Borrower's agri- food value chains through the following activities: I. Developing the digital agriculture ecosystem by: -7- (a) carrying out a study for the design of the MAPMDREF's digital blueprint; (b) strengthening ONCA's capacity to generate digital advisory support services to farmers through: (i) the creation of a national agricultural advisory data center with regional intermediaries; (ii) capacity building of agricultural advisers on aspects related to the digitization of agricultural advisory activities to ensure the dissemination of knowledge to farmers, notably climate-smart agricultural practices and technologies, as well as the provision of adequate IT equipment including video conference systems and interactive terminals; and (iii) the upgrading of ONCA's internal management systems, including the preparation of a study on how to upgrade the existing ARDNA extension knowledge management platform to better contribute to the national digital extension system; (c) supporting INRA to develop crop vocation maps for approximately 0.5 million hectares of agricultural land and disseminate the results using digital technologies, including through: (i) the establishment of a digital platform for precision agriculture based on artificial intelligence, image processing (drone or satellite photos) and on agronomic calibration tests for effective spatiotemporal monitoring of crops; (ii) the creation of a big- data grouping together the platforms already existing at INRA and networking INRA's soil and plant protection laboratories; and (iii) the establishment of a system to estimate the area of crops based on time series of satellite images and machine learning method; (d) equipping ONSSA with digital technologies regarding the management of palm trees, Geographic Information Systems ("GIS") and satellite image processing technologies; machine learning solution for image-based plant disease detection; and establishing of a phytosanitary risk prediction and mapping system; and (e) (i) installing remote management systems in selected modernized irrigation schemes; (ii) designing a digital transformation model of an aggregation investment; and (iii) developing and implementing an academic program in data science applied to agriculture. 2. Supporting the Borrower's eco-efficient and climate resilient agriculture by: (a) developing a pilot initiative to promote agro-ecology to improved resilience and eco-efficiency; (b) developing a pilot initiative to promote organic farming; and (c) providing technical extension support for farmers operating in selected modernized irrigation sectors. -8- SCHEDULE 2 Program Execution Section . Implementation Arrangements A. Program Institutions 1I The Borrower shall vest the overall responsibility for the coordination, monitoring and evaluation of the Project in the MAPMDREF, and to this end, shall, through the MAPMDREF: (a) no later than thirty (30) days after the Effective Date, or such later date as agreed by the Bank, establish within its DSS and thereafter maintain, through Program implementation, a Program Management Unit ("PMU"), responsible for the monitoring of day-to-day implementation of the Program, including the preparation of the Program's annual progress reports, preparation of pertinent financial statements, and staffed with adequate professional, fiduciary, administrative and technical personnel, with qualifications, experience and terms of employment acceptable to the Bank, all as described in the POM; (b) no later than thirty (30) days after the Effective Date, or such later date as agreed by the Bank, establish and thereafter maintain, throughout Program implementation, a Steering Committee, composed of representatives of the entities and institutions participating in the implementation, monitoring and evaluation of the Program, responsible for strategic oversight and guidance under the Program, all under terms and conditions acceptable to the Bank and described in the POM; and (c) ensure, throughout Project implementation, the coordination: (i) among its directorates (DSS, DDFP, DIAEA, DEFR and DF), its decentralized services at the regional and provincial level (DRAs/DPAs) and its affiliated entities (including ONCA, ONSSA, ADA, Morocco Foodex, INRA and InstitutAgrononique et Vetirinaire Hassan 11) with a technical role in the implementation; and (ii) with other ministries, including the Ministry of Labor and Social Affairs and its ANAPEC, the Ministry of Industry, Commerce, Green and Digital Economy and its Digital Development Agency, and the Ministry of Interior and its decentralized structures (including relevant Walis), all under terms and conditions as set forth in the POM. 2. The MEFRA, the MAPMDREF, the Mol and the Ministry of Industry, Commerce, Green and Digital Economy and its Digital Development Agency Ministry of Commerce and Industry shall coordinate the implementation of activities relating -9- to the wholesale market program under Part 2.1(b) of the Program, pursuant to the terms and conditions set forth in the Convention-cadre. B. Additional Program Implementation Arrangements 1I Prior to carrying out the construction of each of the modernized wholesale market in each of the Selected Cities under Part 2.J(b) of the Program (DLR#5.4), the Borrower shall: (a) together with the relevant Borrower's national and subnational authorities, enter into a Convention Spicfque under terms and conditions set forth in the POM, including the Borrower's obligation to ensure that the construction works and oversight of the relevant modernized wholesale market complies with the pertinent provisions of the POM (including the pertinent actions under the Program Action Plan); and (b) shall exercise its rights and carry out its obligations under each Convention Specfique in such manner as to protect the interests of the Borrower and the Bank and to accomplish the purposes of the Loan. In case of any conflict between the provisions of each Convention Spicifique or those of this Agreement, the provisions of this Agreement shall prevail. 2. The Borrower shall, prior to the commencement of any construction works under Part 2.1(b) of the Program, prepare, consult, publish and implement the corresponding ESIA/ESMP and, if applicable, a Resettlement Action Plan, all in accordance with their terms. Program Operational Manual 3. The Borrower shall: (a) no later than thirty (30) days after the Effective Date, or such later date as agreed by the Bank, adopt a manual under terms and conditions acceptable to the Bank ("Program Operational Manual" or "POM"); and (b) immediately thereafter, carry out the Program in accordance with the POM. The Borrower shall not amend or waive any provision of the POM without the Bank's prior written consent. In case of any conflict between the terms of the POM and those of this Agreement, the terms of this Agreement shall prevail. Program Action Plan 4. The Borrower shall carry out the Program Action Plan, or cause the Program Action Plan to be carried out, in accordance with the schedule set out in said Program Action Plan and in a manner acceptable to the Bank. - 10 - Verification Protocol 5. The Borrower shall carry out verification missions through the IGA for the verification of achievement of DLRs I through 9 which are set forth in the table in Section IV.A.2 of this Schedule in accordance with the Verification Protocol, and furnish to the Bank not later than sixty (60) days after the verification of compliance of said DLRs, a report on the results of said verification of compliance process of such scope and in such detail as the Bank shall reasonably request. Section II. Excluded Activities The Borrower shall ensure that the Program excludes any activities which: A. in the opinion of the Bank, are likely to have significant adverse impacts that are sensitive, diverse, or unprecedented on the environment and/or affected people; or B. involve the procurement of: (1) works, estimated to cost USD 115,000,000 equivalent or more per contract; (2) goods, estimated to cost USD 75,000,000 equivalent or more per contract; (3) non-consulting services, estimated to cost USD 75,000,000 equivalent or more per contract; or (4) consultants' services, estimated to cost USD 30,000,000 equivalent or more per contract. Section 111. Program Monitoring, Reporting and Evaluation The Borrower shall furnish to the Bank each Program Report not later than forty- five (45) days after the end of each calendar semester, covering the calendar semester. Section IV. Withdrawal of Loan Proceeds A. General 1. Without limitation upon the provisions of Article 11 of the General Conditions and in accordance with the Disbursement and Financial Information Letter, the Borrower may withdraw the proceeds of the Loan to: (a) pay the Front-end Fee; (b) pay each Interest Rate Cap or Interest Rate Collar premium; and (c) finance Program Expenditures (inclusive of Taxes), on the basis of the results ("Disbursement Linked Results" or "DLRs") achieved by the Borrower, as measured against specific indicators ("Disbursement Linked Indicators" or "DLIs"); all as set forth in the table in paragraph 2 of this Part A. 2. The following table specifies each category of withdrawal of the proceeds of the Loan (including the Disbursement Linked Indicators as applicable) ("Category"), the Disbursement Linked Results for each Category (as applicable), and the allocation of the amounts of the Loan to each Category: - II - Category Disbursement Linked Result Amount of the (including Disbursement (as applicable)* Loan Linked Indicator as Allocated applicable) (expressed in FUR) (1) DLI #1: Number of DLR#1.1: 500 in CY2021, from DLR#I .1: 642,600 business plans prepared a baseline of 0 D=BP/T*A by young entrepreneurs in rural areas eligible for a commercial loan DLR#1.2: cumulative 2,000 in DLRI.2: 1,927,800 CY2022, from a baseline of 500 D=BP/T*A DLR#1.3: cumulative 5.000 in DLR#1.3: 3,855,600 CY2023, from a baseline of D=BP/T*A 2,000 DLR#I.4: 3,213,000 DLR#1.4: cumulative 7,500 in D=BP/T*A CY2024, from a baseline of 5,000. DLR#l.5: 3,213,000 D-BP/T*A DLR#1.5: cumulative 10,000 in CY 2025, from a baseline of 7,500. (2) DLI #2: Reform of the DLR#2.1. The governmental DLR#2.1: 4,284,000 legal framework of the decree to provide incentives for FDA to include young entrepreneurs to start incentives for young their rural investments has been rural entrepreneurs adopted. DLR#2.2: 4,284,000 DLR#2.2: The joint ministerial Arrjtd by MAPMDREF, MEFRA and MI to provide incentives to support agricultural service companies has been adopted. (3) Young entrepreneurs DLR#3.1: 3,000 in CY2023, DLR#3.1:9,639,000 who benefited from from a baseline of 0 D=P/T*A FDA incentives for rural investments DLR#3.2: cumulative 8,000 in DLR#3.2: CY2024, from a baseline of 16,065,000 3,000 D=P/T*A DLR#3.3: cumulative 16,000 in DLR#3.3: CY2025, from a baseline of 25,704,000 8,000 D=P/T*A - 12- (4) Revised legal and DLR#4.1: The Borrower has DLR#4.1: 8,568,000 regulatory framework enacted amendments to article governing the new 83 of the Organic Law No. 113- modernized wholesale 14 to clarify the relationship markets established between the private sector and municipalities as pertains to the setting up and management choice of modernized wholesale markets. DLR#4.2: 8,568,000 DLR#4.2: The Mol's Arrt fixing the modalities regarding the creation and functioning of the modernized wholesale markets has been published in the Official Gazette. (5) Modernized wholesale DLR#5.1: The national strategic DLR#5.1: 1,713,600 market program environmental and social study developed for the Borrower's modernized wholesale market program has been prepared, consulted and published, all in form and substance as set forth in the POM. DLR#5.2: DLR#5.2: The ESIA/ESMP 10,281,600 and, as applicable, resettlement For each action plan, for each of the ESIA/ESMP and, as modernized wholesale markets applicable to be constructed in each of the resettlement action Selected Cities, has been plan approved and approved and published, published, 2,570,400 may be made available for withdrawal by the Borrower, up to 10,281,600 DLR#5.3: The Management Structures in charge of DLR#5.3: 3,427,200 operating each of the For each modernized wholesale markets Management have been established. Structure established, 856,800 may be made available for - 13 - withdrawal by the Borrower, up to DLR#5.4: The construction 3,427,200 works and installation of equipment for each modernized DLR#5.4: 7,175,700 wholesale market have been For each wholesale completed. market with construction of works completed and fully equipped, 1,793,925 may be made available for withdrawal by the Borrower, up to DLR#5.5: The modernized 7,175,700 wholesale markets are operational. DLR#5.5: 6,854,400 For each modernized wholesale market constructed under DLR#5.4 that is fully operational, 1,713,600 may be made available for withdrawal by the Borrower, up to 6,854,400 (6) Food export DLR#6.1: 50% in CY2021 from DLR#6.1: 8,568,000 performance improved: a baseline of 0 in CY2020 D=E/T*A percentage of export inspection certifications DLR#96.2: 100% in CY2022, DLR#6.2: 8,568,000 issued in digital form from a baseline of 50% D=E/T*A (7) Number of agri-food DLR#7.1: 8,200 in CY2021, DLR#7.1:10,281,600 enterprises/organisations from a baseline of 7,800 D=A/I'*A authorized by ONSSA for improved market DLR#7.2: cumulative 8,400 in DLR#7.2: 5,140,800 access and improved CY2022, from a baseline of D=A/T*A food safety 8,200 DLR#7.3: 5,140,800 DLR#7.3: cumulative 8,600 in D=A/T*A CY2023, from a baseline of 8,400 DLR#7.4: 5,140,800 D=A/T*A - 14- DLR#7.4: cumulative 8,800 in CY2025, from a baseline of 8,600 (8) Digital ecosystem for climate-smart DLR#8.1; GIS and satellite DLR#8.1: 8,568.,000 agriculture established image processing covering 2 D-TA/T*A million hectares are operational and deployed DLR#8.2: Land use digital DLR#8.2: 8,568,000 mapping tool for climate-smart D=TA/T*A agriculture covering 500,000 hectares has been deployed DLR#8.3: Remote management DLR#8.3: 8,568,000 systems in selected modernized D=TA/T*A irrigation schemes covering 8,000 hectares are operational and deployed DLR#8.4: ARDNA platform DLR#8.4: 8,568,000 upgraded and 7,500 users D-TA/T*A registered (9) Adoption of climate- DLR#9.1: 3,000 producers in DLR#9.1: 4,284,000 smart agriculture selected modernized irrigation D=P/T*A practices for the schemes benefiting from efficient use of water agricultural advisory extension services for the efficient use of water and from the implementation of a monitoring and evaluation system measuring the related impacts, in CY 2022, from a baseline of 0 DLR#9.2: 8,568,000 DLR#9.2: cumulative 9,000 D=P/T*A producers in selected modernized irrigation schemes benefiting from agricultural advisory extension services for the efficient use of water and from the implementation of a monitoring and evaluation system measuring the related - 15- impacts, in CY 2023, from a DLR#9,3: 4,284,000 baseline of 3,000 D=P/T*A DLR#9.3: cumulative 12,000 producers in selected modernized irrigation schemes benefiting from agricultural advisory extension services for the efficient use of water and from the implementation of a monitoring and evaluation system measuring the related impacts, in CY 2024, from a baseline of 9,000 (10) Front-end Fee to be paid pursuant to Section 535,500 2.03 of this Agreement in accordance with Section 2.05(b) of the General Conditions (11) Interest Rate Cap or Interest Rate Collar 0 premium to be paid pursuant to Section 4.05(c) of the General Conditions TOTAL AMOUNT 214,200,000 * Unless the context ofthe respective DLR otherwise require, the reference to CT are provided for indicative verification puoposes. Whenever feasible and in accordance with their terms (including applicable formula), the DLRs can he inet in advance or carriedfonvard and met later B. Withdrawal Conditions; Withdrawal Period 1 . Notwithstanding the provisions of Part A of this Section, no withdrawal shall be made: (a) on the basis of DLRs achieved prior to the Signature Date; and (b) for any DLR under Categories (1) to (9), until and unless the Borrower has furnished evidence satisfactory to the Bank that said DLR has been achieved. 2. Notwithstanding the provisions of Part B..1(b) of this Section, the Borrower may withdraw an amount not to exceed Euro 53,550,000 as an advance; provided, however, that if the DLRs in the opinion of the Bank, are not achieved by the - 16- Closing Date, the Borrower shall refund such advance to the Bank promptly upon notice thereof by the Bank- Except as otherwise agreed with the Borrower, the Bank shall cancel the amount so refunded. Any further withdrawals requested as an advance under any Category shall be permitted only on such terms and conditions as the Bank shall specify by notice to the Borrower. 3. Notwithstanding the provisions of Part B.l(b) of this Section, if any of the DLRs under Categories (1) to (9) has not been achieved the Bank may, by notice to the Borrower: (a) reallocate all or a portion of the proceeds of the Loan then allocated to said DLR to any other DLR; and/or (b) cancel all or a portion of the proceeds of the Loan then allocated to said DLR. 4. The Closing Date is December 31, 2025. - 17- SCHEDULE 3 Amortization Schedule The following table sets forth the Principal Payment Dates of the Loan and the percentage of the total principal amount of the Loan payable on each Principal Payment Date ("Installment Share"). Principal Payment Date Installment Share On each February 15 and August 15 Beginning February 15, 2026 through 2.50% August 15, 2045 - 18- APPENDIX Definitions 1. "ADA" means the MAPMDREF's Agricultural Development Agency. 2. "ANAPEC" means the National Agency for Employment and Competence Promotion subordinated to the Borrower's Ministry of Labor and Social Affairs. 3. "Anti-corruption Guidelines" means, for purposes of paragraph 5 of the Appendix to the General Conditions, the Bank's "Guidelines on Preventing and Combating Fraud and Corruption in Program-for-Results Financing," dated February 1, 2012, and revised July 10, 2015. 4. "ARDNA" means a MAPMDREF's virtual communication and extension services platform. 5. "Category" means a category set forth in the table in Section IV.A.2 of Schedule 2 to this Agreement. 6. "Co-financier" means the Agence FrangQaise du Developpement or AFD, 7. "Co-financing" means, for purposes of paragraph 16 of the Appendix to the General Conditions, an amount of 100 million Euro to be provided by the Co- financier to assist in financing the Program. 8. "Co-financing Agreement" means the agreement to be entered into between the Borrower and the Co-financier providing for the Co-financing. 9. "Convention-cadre" means the inter-institutional agreement referred to in Section L.A.2 of Schedule 2 to this Agreement, under terms and conditions further described in the POM. 10. "Convention Spicique" means any agreement referred to in Section I.B.1 of Schedule 2 to this Agreement. I1. "CY" means the Borrower's calendar year commencing January I and ending December 31 of each year. 12. "DDFP" means the MAPMDREF's Directorate for the Development of Value Chains. 13. "DEER" means the MAPMDREF's Directorate for the Education, Training and Research. 14. "DF" means the MAPMDREF's Directorate of Finance. - 19- 15. "DIAEA" means the MAPMDREF's Directorate of Irrigation and Development of the Agricultural Space. 16. "Disbursement Linked Indicator" or "DL" means in respect of a given Category, the indicator related to said Category as set forth in the table in Section IV.A.2 of Schedule 2 to this Agreement. 17. "Disbursement Linked Result" or "DLR" means in respect of a given Category, the result under said Category as set forth in the table in Section IV.A.2 of Schedule 2 to this Agreement, on the basis of the achievement of which, the amount of the Loan allocated to said result may be withdrawn in accordance with the provisions of said Section IV. 18. "DPA" means any of the MAPMDREF's Provincial Directorate of Agriculture established at the provincial level. 19. "DRA" means any of the MAPMDREF's Regional Directorate for Agriculture established at the regional level. 20. "DSS" means the MAPMDREF's Directorate of Strategy and Statistics. 21. "D=A/T*A" means for DLI#7: Disbursement (D) is equal to the number of health approvals/authorization issued (A), divided by the total target of health approvals/authorizations to be issued under said DLR (T), multiplied by total amount allocated to said DLR (A). 22. "D=BP/T*A" means for DLI#1: Disbursement (D) is equal to the number of business plans which have been deemed eligible (BP), divided by the total number of business plan target under said DLR (T), multiplied by total amount allocated to said DLR (A). 23. "D=E/T*A" means for DLI#6: Disbursement (D) is equal to the percentage of export inspection certifications digitized issued (E), divided by the total percentage target of export inspection certifications under said DLR (T), multiplied by total amount allocated to said DLR (A). 24. "D=P/T*A" means for (a) DL1#3: Disbursement (D) is equal to the number of young entrepreneurs who received incentives (P), divided by the total target of number of young entrepreneurs to receive incentives under said DLR (T), multiplied by total amount allocated to said DLR (A); and (b) DLI#9 Disbursement (D) is equal to the number of producers (P), divided by the total target of producers under said DLR (T), multiplied by total amount allocated to said DLR (A). - 20 - 25. "D=TA/T*A means for DLRs#8.2 to 8.5: Disbursement (D) is equal to the target achieved (TA), divided by the total target under said DLR (T), multiplied by total amount allocated to said DLR (A). 26. "FDA" means the Borrower's Agricultural Development Fund. 27. "General Conditions" means the "International Bank for Reconstruction and Development General Conditions for IBRD Financing, Program-for-Results Financing", dated December 14, 2018 and revised on August 1, 2020. 28. "GIS" means geographic information systems. 29. "Green Generation Strategy 2020-2030" means the Borrower's national strategy for the agri-food sector launched in February 2020. 30. "IGA" means Inspection G6nrale de l'Agriculture, the MAPMDREF's General Inspectorate of Agriculture. 31. "INRA" means the MAPMDREF's National Agronomic Research Institute. 32. "Management Structures" means each of implementation arrangements ("mode de gestion") to be set up for the management of each modernized wholesale market under DLR#5.2, and in accordance with the Borrower's Organic Law No, 113-14 on the municipalities, as further defined in the Verification Protocol. 33. "MEFRA" means the Borrower's Ministry of Economy, Finances and Administration Reform, or any successor thereto. 34. "Ministry of Agriculture, Maritime Fisheries, Rural Development, Water and Forests" or "MAPMDREF" means the Borrower's ministry responsible of agriculture, maritime fisheries, rural development, water and forests, or any successor thereto. 35. "Morocco Foodex" means Etablissement Aulonome de Contr6le et de Coordination des Exportations, a Borrower's public entity established under the supervision of MAPMDREF. 36, "Official Gazette" means the Borrower's official gazette. 37. "ONCA" means the MAPMDREF's National Agricultural Extension Agency. 38. "ONSSA" means the MAPMDREF's National Food Safety Agency. 39. "Program Action Plan" means the Borrower's plan dated November 12, 2020, and referred to in Section 1.B.4 of Schedule 2 to this Agreement, as may be amended from time to time with the agreement of the Bank. -21 - 40. "Program Area" means the Borrower's: (a) regions of B6ni Mellal-Khenifra, Casablanca-Settat, Drda-Tafilalet, Fs-Mekn s, Marrakech-Safi, Oriental, Rabat- Sal&Kenitra, Souss-Massa and Tanger-T6touan-Al HoceYma; and (b) provinces of Guelnin, Tan-Tan and Sidi Ifni. 41. "Program Operational Manual" or "POM" means the Borrower's manual setting forth the technical, administrative and fiduciary procedures applicable to the Program, and including the Verification Protocol and the Program Action Plan. 42. "Selected Cities" means the following Borrower's cities: Mekn6s, Agadir, Marrakesh and Berkhane, or any other Borrower's city as agreed between the Borrower and the Bank and set forth in the POM. 43. "Signature Date" means the later of the two dates on which the Borrower and the Bank signed this Agreement and such definition applies to all references to "the date of the Loan Agreement" in the General Conditions. 44. "Verification Protocol" means the protocol referred to in Section IB..5 of Schedule 2 to this Agreement and included in the POM.