Morocco secures $200m AIIB loan for climate resilience

Morocco secures $200m AIIB loan for climate resilience
Asian Infrastructure Investment Bank headquarters in Beijing (FILE). Photo: AFP

The Asian Infrastructure Investment Bank will lend Morocco $200m to bolster climate resilience, the Chinese embassy in Rabat announced, according to Moroccan media. The funding, part of a co-financing package with the World Bank, will support projects under Morocco’s Paris Agreement commitments, including improved meteorological systems and stronger oasis ecosystems. Morocco, warming at twice the global average, faces mounting risks from droughts, floods and heatwaves.

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