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Morocco - Second Inclusive Green Growth Development Policy Loan Project (Inglês)

The presented operation is the second in a programmatic series of two single tranche development policy loans (DPLs). The series builds on solid sector dialogue over several years and strong government ownership of the program, as demonstrated by steady progress with the implementation of the reforms supported by DPL1. The DPL series supports a package of reforms pursuing three program development objectives (PDOs). These include: (i) improving the management of natural capital; (ii) greening physical capital; and (iii) strengthening and diversifying the rural economy by leveraging human capital. The program of reforms continues to be strongly in line with government priorities and the World Bank Group’s country partnership strategy for Morocco. The program remains at the interface of the government’s environmental sustainability, growth and shared prosperity objectives. This DPL series is accompanied by parallel financing, as well as knowledge products in sectors such as integrated coastal zone management (ICZM), water resource management, agriculture, tourism, social protection, and energy. The program opened up Bank - Government of Morocco (GoM) dialogue in sectors such as tourism, groundwater management, and energy efficiency in which Bank-financed operations are currently under preparation and implementation.


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    Documento sobre o programa

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    Oriente Médio e Norte da África,

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    Morocco - Second Inclusive Green Growth Development Policy Loan Project

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    access to international financial market;Precautionary and Liquidity Line;Efficiency of Public Expenditures;current account deficit;access to international market;efficiency of public spending;poverty and social impact;grid connected renewable energy;short term capital inflow;Management of Natural Resources;life expectancy at birth;integrated coastal zone management;per capita income growth;real per capita income;implementation of adaptation measures;Growth and Shared Prosperity;conservation of natural resources;balance of payment indicator;Adaptation to Climate Change;coastal zone management plan;improving access to finance;minimum capital adequacy ratio;macroeconomic policy framework;Foreign Exchange Reserve;total factor productivity;debt sustainability analysis;water and environment;Fuel Subsidies;targeted social program;foreign direct investment;exchange rate regime;Water Resource Management;rate of growth;public expenditure programme;summary of risks;incidence of poverty;natural resource depletion;dollar exchange rate;public sector investment;senior finance officer;taxes on goods;access to information;senior procurement specialist;average literacy rate;value added tax;senior agricultural specialist;natural resource economist;sustainable development policy;industrial fuel oil;level of fuel;protection and preservation;public service delivery;power sector restructuring;terms of trade;Investment Project Financing;long-term external debt;elimination of subsidy;exchange rate management;global financial crisis;domestic natural resources;natural resource base;access to land;real time information;real exchange rate;elimination of gasoline;short-term external debt;allocation of resource;division of labor;natural capital accounting;sustainable development agenda;quality of education;sustainable water management;Natural Resource Management;standard of living;fossil fuel subsidy;transfer of technology;adverse external shocks;investment grade rating;world financial market;energy efficiency strategy;external short-term debt;reducing public debt;rural area;fiscal consolidation;standard deviation;productivity gain;rural economy;human capital;external position;fiscal space;result indicator;budget deficit;foreign reserve;environmental sustainability;Demographic Transition;monetary policy;macroeconomic framework;agricultural sector;banking sector;equity dimension;monetary condition;sectoral strategy;demographic dividend;macroeconomic indicator;unemployment rate;downside risk;Job Creation;public finance;energy strategies;vulnerable population;net export;pension reform;shared ownership;reform effort;domestic demand;primary balance;tax revenue;Performance Budgeting;Wage Bill;capital grant;energy policies;working age;real depreciation;market innovation;foreign investor;procurement rule;dependent population;operational reviews;energy subsidies;sectoral reform;impact investment;debt stock;finance reform;bank's portfolio;national policy;external vulnerability;subsidy system;job market;export price;global economy;macroeconomic adjustment;high energy;oil price;vulnerability risk;global market;business environment;global export;export basket;asset quality;liquid petroleum;sustainable use;world price;political will;firm commitment;budget expenditure;measure of support;benefit target;price indexation;domestic debt;public bank;reducing import;forest degradation;domestic price;reform scenario;corrective measure;medium-term outlook;fiscal measure;public resource;budget process;performance objective;Labor Market;gdp deflator;macroeconomic implication;budget execution;consultation mission;car manufacturing;regional hub;environment management;fiscal deficit;good governance;equal access;healthy environment;long-term sustainability;climatic variability;budget share;bank operation;high wage;tax collection;agricultural productivity;tax base;tax rate;portfolio investment;social indicator;political stability;International Trade;Tax Evasion;special account



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